Recanati Family Takes Majority Control of Maccabi Tel Aviv with $50 Million Share Purchase

The Recanati family has completed a significant acquisition of Maccabi Tel Aviv, purchasing 29% of the club's shares from the Fedanco company for $50 million. This transaction increases the Recanati family's ownership stake to 58%, making them the primary controlling shareholders of the club. The deal marks a major shift in the club's ownership structure and ends the Federman family's decades-long involvement with Maccabi Tel Aviv.

The purchase follows the Recanati family's exercise of a right of first refusal, which was triggered by plans to bring businessman Eric Stillman, founder and CEO of Rapid and a club sponsor, into Fedanco Sport, the entity holding the Federman family's shares. However, Stillman will not join the ownership group at this stage.

Under the new ownership distribution, the Recanati family holds 58%, Richard Deitsch owns 17.5%, Shimon Mizrahi holds 14.5%, and Ben Ashkenazi owns 10%. The Recanati family has expressed intentions to invest substantial funds in the club's player budget over the coming years to strengthen the team both domestically and in European competitions.