Recanati Family Takes Control of Maccabi Tel Aviv, Signaling Further Ownership Changes

The Recanati family dramatically reshaped Maccabi Tel Aviv's ownership on Tuesday by acquiring the entire stake held by the Federman family for $50 million, securing 58 percent of the club's shares and becoming the primary controlling owners. This move ended the Federman family's and tech entrepreneur Eric Stillman's involvement in the club after Recanati exercised their last-minute right of first refusal. The club insiders described the takeover as an "extreme step" amid ongoing "ego battles at the expense of the club," reflecting long-standing tensions between the two families that intensified in recent months.

The discord reportedly stemmed from dissatisfaction with a deal between Danny Federman and Eric Stillman, as well as disagreements over management decisions, including the signing of player Yam Madar. Prior to Stillman's entry, disputes existed, but following the death of David Federman, his son Danny sought to sell part of their shares and bring in new investors. A broader investment plan involving NFL Minnesota Vikings owners Ziggy and Mark Wilf, Stillman, and others was proposed, aiming to inject $30 million immediately, with existing shareholders required to invest proportionally or face dilution. However, Recanati's exercise of their refusal right nullified this plan.

Despite the significant ownership shift, club sources believe this is only the beginning of a longer process. The Recanati family is expected not to bear the financial burden alone and is likely to bring in new investors chosen according to their vision for the club's future. This development marks a pivotal moment in Maccabi Tel Aviv's management and financial strategy, with further changes anticipated.