Recanati Family Gains Majority Stake in Maccabi Tel Aviv, Sea Madr Deal Unaffected

On Tuesday evening, the Recanati family exercised their right of first refusal to purchase the Federman family's shares in Maccabi Tel Aviv for $50 million. This acquisition marks the first time the Recanati family holds a majority stake in the club, significantly altering the power dynamics and likely leading to further decisions over the summer. Consequently, the Federman family and Eric Stillman, who was expected to join as an owner and continue as the main sponsor with Rapid, are now out of the ownership picture.

A senior official from Maccabi Tel Aviv's management reassured fans that all deals finalized so far, including the anticipated signing of Sea Madr, will remain unaffected by this ownership change. Sea Madr, a 25-year-old point guard, completed his medical tests with Maccabi Tel Aviv on Sunday before flying to Croatia to play with the Israeli national team. He is expected to be officially presented by the club in the coming days.

Madr, who activated his exit option from Hapoel Tel Aviv, signed a three-year contract with Maccabi Tel Aviv, including an option for two additional years, with an annual salary of about $2 million. During the regular season in the Israeli Premier League, Madr averaged 13.2 points, 3 rebounds, and 4 assists per game. He elevated his performance in the playoffs, averaging 19.6 points (with a 45.8% three-point shooting), 3.8 rebounds, and 5.6 assists. However, in the EuroLeague, he played only 16 games with an average of 9.4 minutes per game, contributing 3.1 points, 1.1 rebounds, and 1.4 assists per game.