Recanati Family Finalizes $50 Million Deal to Control 58% of Maccabi Tel Aviv

The Recanati family has completed the purchase of 29% of Maccabi Tel Aviv's shares from Padenco and the Federman family, increasing their ownership stake to 58% and becoming the club's main controlling shareholders. The transaction was finalized after the Recanati family exercised their right of first refusal under the shareholders' agreement to acquire the Federman family's shares held through Padenco. The deal, valued at approximately $50 million, was officially completed following the transfer of funds.

With this acquisition, the Federman family has fully exited their ownership in Maccabi Tel Aviv, having no grounds to contest the Recanati family's purchase. Previously, Arik Stillman had acquired half of Padenco Sport's holdings, which owned 29% of the club, but due to the Recanati family's exercise of their right of first refusal, both Stillman and the Federman family have now left the club's ownership circle.

The club has announced that this ownership consolidation is expected to be accompanied by significant investments in the coming years, signaling a new phase for Maccabi Tel Aviv under the Recanati family's leadership.