Recanati Family Completes Purchase of Federman Shares, Gains Control of Maccabi Tel Aviv

The Recanati family officially announced on Wednesday the completion of their acquisition of the Federman family's shares in Maccabi Tel Aviv. The deal, previously reported last week, involved the Recanati family purchasing 29% of the club's shares for 50 million dollars, bringing their total ownership to 58%. This transaction marks the end of nearly 50 years of business ties between the Federman family and Maccabi Tel Aviv, while establishing the Recanati family as the controlling owners of the club.

The agreement was signed with Fedanco, the company holding the Federman shares, finalizing one of the most significant sports deals in Israel in recent years. Last week, the Recanati family also exercised their right of first refusal under the shareholders' agreement to block businessman Arik Stillman from joining Fedanco Sport's ownership. Although Stillman did not become a shareholder, he will remain the club's main sponsor through his company Rapid until 2032.

Following the announcement, the Recanati family expressed their intention to invest tens of millions of dollars in Maccabi Tel Aviv's player budget over the coming years, signaling a strong commitment to the club's future competitiveness and growth.