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 basketball club by purchasing Padenco Sport's shares for approximately $50 million. This major ownership change was announced on July 7, 2026, amid delays and drama surrounding the club's operations. Concurrently, Maccabi Tel Aviv is actively working to strengthen its roster for the upcoming season, with particular focus on the status of guard Yam Madar's transfer.

Madar's move to Maccabi Tel Aviv had faced two main obstacles: insurance coverage and buyout compensation. Due to the high-value contract, securing comprehensive insurance was necessary and is currently being arranged by the club. Additionally, Madar terminated his contract with Hapoel Tel Aviv by personally paying around $300,000 in compensation. Maccabi Tel Aviv is expected to reimburse him, though the exact amount and payment method are still under negotiation.

Following the Recanati family's takeover, obtaining approvals and finalizing decisions related to Madar's transfer have become significantly easier. The deal is now expected to be completed, allowing the former Hapoel Tel Aviv star to join Maccabi Tel Aviv for the next season.