Recanati Family Sells Half Their Stake in Maccabi Tel Aviv to American Investor Jason Levin

The Recanati family, which owns 58 percent of Maccabi Tel Aviv, announced on Friday that it is selling half of its shares to an American company for approximately $50 million. The buyer is widely believed to be businessman Jason Levin, who has shown interest in acquiring the club during talks with the Recanati family. Shareholders in Maccabi Tel Aviv have 30 days to exercise their right of first refusal to purchase the shares at the same price before the American company completes the acquisition.

This transaction follows a similar move by the Recanati family when they previously bought shares from the Federman family and sought to sell half their stake to the club's main sponsor, Erik Stillman, founder and CEO of Rapyd. The ownership changes continue amid ongoing developments at Maccabi Tel Aviv.

Jason Levin, born in 1973, is well-versed in American and international sports. He is CEO and co-owner of the MLS team D.C. United and CEO of the Australian basketball team Brisbane Bullets. Levin was formerly a co-owner of the NBA's Memphis Grizzlies and part of the investment group that acquired Philadelphia in 2011. From 2016 to 2024, he was a co-owner of the football club Swansea. His net worth has been estimated at just over $290 million.