Recanati Family Buys 29% Stake in Maccabi Tel Aviv, Revealing Club's $172.5 Million Valuation
Translated & summarized from N12 by baba
The Recanati family acquired a 29% stake in Maccabi Tel Aviv basketball club for $50 million, valuing the club at $172.5 million. This purchase increases their ownership to 58%, with plans to invest heavily in the team's player budget.
The story in 6 lines · by baba
- Recanati family buys 29% stake in Maccabi Tel Aviv for $50 million.
- The purchase values the club at approximately $172.5 million.
- Recanati family now holds 58% ownership of the club.
- Transaction executed via right of first refusal under shareholders' agreement.
- Plans announced to invest tens of millions in player budgets.
- Ownership changes follow prior stake acquisition by Arik Stillman.
Maccabi Tel Aviv basketball club has undergone significant ownership changes following a major management shakeup. On July 7, 2026, it was revealed that the Recanati family purchased a 29% stake in the club from the Federman family, who previously held shares through Padenco Sport. This acquisition was made for $50 million, effectively valuing the entire club at approximately $172.5 million.
With this transaction, the Recanati family now controls 58% of Maccabi Tel Aviv's shares, consolidating their majority ownership. The purchase was executed by exercising a right of first refusal as part of a shareholders' agreement, according to an official statement released by the Recanati family.
The Recanati family also announced plans to invest tens of millions of dollars into the club's player budget over the coming years, signaling a commitment to strengthening the team's competitive prospects in the Israeli Basketball Premier League. This development follows the earlier acquisition by Arik Stillman of half the shares held by Padenco Sport, which owned 29% of the club prior to the Recanati purchase.
These ownership changes have brought to light the true market value of Maccabi Tel Aviv, a prominent basketball club in Israel, amid ongoing efforts to stabilize and enhance its management and sporting performance.
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