Rapid CEO Eric Shtilman Raises Offer to Buy Majority Stake in Maccabi Tel Aviv

Eric Shtilman, CEO of Rapid and sponsor of Maccabi Tel Aviv, has increased his bid to acquire 58% of the club's shares owned by the Rekanati family. The upgraded offer stands at $120 million, up from his previous $100 million proposal made about a week and a half ago. This new offer surpasses the $50 million paid by the Rekanati family to acquire a 29% stake from the Federman family through Pandeco Sport.

Last month, the Rekanati family became the majority shareholders of Maccabi Tel Aviv after purchasing the Federman family's shares. Under the club's ownership structure, each owner has the right of first refusal to buy shares from other owners, which came into play following the official announcement of Shtilman's inclusion in the ownership group.

Additionally, Jason Levine has expressed interest in purchasing shares from the Rekanati family and is currently engaged in discussions regarding this potential transaction. The developments highlight ongoing shifts in the ownership dynamics of the Israeli Premier League club.