Eric Steilman Offers $100 Million to Buy Recanati Family’s Stake in Maccabi Tel Aviv

Eric Steilman, the main sponsor of Maccabi Tel Aviv and founder and CEO of Rapyd, recently approached the club's owners, Udi and Shay Recanati, with a non-binding offer to purchase their entire stake or a controlling share in the club. The offer values the full 58 percent ownership at $100 million. Previously, Steilman had acquired about 14.5 percent of the club's shares from the Federman family through the Fadenco group, aiming to inject funds into the club. However, the Recanati family exercised their right of first refusal and bought all of Federman's shares themselves, effectively sidelining Steilman.

The Recanati family is now interested in selling the shares they acquired from the Federmans, approximately 29 percent of the club. The leading candidate to purchase these shares is Jewish-American businessman Jason Levine. Contrary to Steilman's public statements suggesting the Recanatis seek a profit on the shares, sources told Walla Sport that the family is offering them at the same price they paid the Federmans, $50 million.

This development highlights ongoing shifts in Maccabi Tel Aviv's ownership structure, with Steilman seeking a larger role and the Recanati family considering a partial exit. The outcome of these negotiations could significantly impact the club's future financial and operational direction.