Racnati Family Sells Half Their Shares in Maccabi Tel Aviv to US Company for $50 Million
The Racnati family, majority shareholders of Maccabi Tel Aviv basketball club, has agreed to sell 50 percent of their shares to an American company for $50 million. This transaction involves transferring 29 percent of the club's shares to the US firm. Following the announcement on August 7, 2026, other shareholders have a 30-day right of first refusal to purchase the shares if they do not agree with the sale. Should they exercise this right, they can acquire the 29 percent stake that the Racnati family intends to sell. This deal marks a significant change in the ownership structure of Maccabi Tel Aviv, potentially impacting the club's future governance and operations.
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