Recanati Family Takes Full Ownership of Maccabi Tel Aviv Basketball Club
Translated & summarized from Mako by baba
On July 7, 2026, the Recanati family took full ownership of Maccabi Tel Aviv basketball club by buying out the Federman family's shares, leading to Eric Stillman's departure and calls for increased investment.
The story in 5 lines · by baba
- Recanati family acquires full ownership of Maccabi Tel Aviv basketball club.
- Federman family exits club ownership following the sale.
- Eric Stillman leaves the club after about six weeks post-change.
- Social media reacts with shock and demands for financial investment.
- Ownership change signals a new chapter for the club's management and funding.
Maccabi Tel Aviv announced a major change in its ownership structure on Tuesday, July 7, 2026. The Recanati family has acquired the shares previously held by the Federman family, effectively removing them from the club's ownership. This shift marks a significant development in the management of one of Israel's premier basketball teams.
Following the ownership change, Eric Stillman parted ways with the club after only about six weeks. The news sparked a strong reaction on social media, with many expressing shock and emphasizing that there are "no more excuses" and that the new owners will need to invest substantial funds into the team.
This ownership transition is seen as a pivotal moment for Maccabi Tel Aviv, with expectations that the Recanati family will bring renewed financial commitment and strategic direction to the club. The basketball community is closely watching how these changes will impact the team's future performance and stability.
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