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

The Recanati family has finalized 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 primary controlling shareholders. The transaction was completed 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 closed following the transfer of funds and formal procedures.

With this acquisition, the Federman family has completely exited their ownership in Maccabi Tel Aviv, having no grounds to contest the exercise of the right of first refusal. Previously, Arik Stillman had purchased half of Padenco Sport's holdings, which owned 29% of the club, but due to the Recanati family's move, both Stillman and the Federman family are now out of the club's ownership circle. Club officials have indicated that this change in ownership is expected to be accompanied by significant investments in the coming years.