Recanati Family's Acquisition Simplifies Yam Madar's Transfer to Maccabi Tel Aviv

The Recanati family has acquired a controlling 58% stake in Maccabi Tel Aviv by purchasing Padenco Sport's shares for approximately $50 million, marking a significant shift in the club's ownership. This development comes amid ongoing efforts to strengthen the team roster for the upcoming season, with particular focus on the transfer of guard Yam Madar from Hapoel Tel Aviv.

Madar's transfer faced delays due to two main issues: insurance coverage and buyout arrangements. Given the high-value contract involved, securing comprehensive insurance was a routine but necessary step that the club has been working to finalize. Additionally, Madar personally paid around $300,000 in compensation to Hapoel Tel Aviv to exit his contract, and Maccabi Tel Aviv is expected to reimburse him, though the exact amount and payment method were still under negotiation.

Following the Recanati family's takeover, the process of obtaining approvals and making decisions related to Madar's transfer has become more straightforward. The deal is anticipated to be completed soon, allowing the former Hapoel Tel Aviv star to officially join Maccabi Tel Aviv's squad for the next season.