Rekanati Family Gains Majority Control of Maccabi Tel Aviv Basketball Club

Maccabi Tel Aviv basketball club experienced a significant ownership change on the evening prior, as the Rekanati family announced their acquisition of shares from Padenco Sport, ending nearly 50 years of involvement by the Federman family. The Federmans, who once held about 29 percent of the club, have now exited, while the Rekanati family holds a 58 percent majority stake. This shift followed Padenco Sport's announcement that Erik Stillman would purchase half of its shares and become actively involved, prompting other shareholders to reconsider their positions. Since other shareholders declined to buy additional shares, the Rekanati family exercised their right to increase their stake, aiming to reduce internal disagreements that could affect club operations.

The current ownership structure stands with the Rekanati family at 58 percent, Richard Deitsch at 17.5 percent, Shimon Mizrahi at 14.5 percent, and Ben Ashkenazi at 10 percent. Although the Rekanati family now has majority control to make decisions, sources indicate they intend to maintain cooperative relations with other stakeholders. Meanwhile, Maccabi Tel Aviv is actively building its roster for the upcoming season, with the signing of Yam Madar expected to finalize imminently and negotiations with Ifa Lundberg nearing conclusion. The team plans to add at least three or four new foreign players. The professional staff reports no changes to their operational plans, with the budget set to increase by 25 to 40 percent compared to last season, aiming to return Maccabi to the EuroLeague playoff stages.