Racnati Family Acquires Federman Shares to Gain Control of Maccabi Tel Aviv Basketball Club

The Racnati family has exercised their right of first refusal to purchase the entire 29% stake held by the Federman family in Maccabi Tel Aviv basketball club for $50 million. This acquisition increases the Racnati family's ownership to 58%, making them the controlling shareholders of the club. The transaction was announced on Tuesday and is considered one of the most significant deals in Israeli sports.

As a result of this deal, businessman Arik Shtilman is excluded from the new ownership structure. Shtilman confirmed the details on his social media account, expressing his continued support for Maccabi Tel Aviv despite no longer being part of the ownership group. The Racnati family's move consolidates their control over the club, signaling a new chapter in its management and operations.

This ownership change follows an agreement among shareholders and reflects a strategic shift in the club's governance. The deal underscores the Racnati family's commitment to Maccabi Tel Aviv and their intention to lead the club forward.