Recanati Family Acquires 29% Stake in Maccabi Tel Aviv Basketball from Federman Family

First reported by Walla · 4 hours ago

What happened

The Recanati family bought 29% of Maccabi Tel Aviv basketball shares from the Federman family for $50 million, ending the Federmans' 90-year involvement. The Recanatis now hold 58% and plan to bring in a new partner. The Federmans expressed hope for the club's future under new ownership while underscoring their lasting legacy.

• 01Recanati family acquires 29% stake in Maccabi Tel Aviv basketball for $50 million.
• 02This purchase raises Recanati ownership to 58%, with plans to add a new partner.
• 03Federman family ends 90-year legacy with the club, selling shares held since the 1930s.
• 04Federmans proposed a strategic investment plan including Israeli and American partners.
• 05Recanatis exercised right of first refusal to buy full Federman stake.
• 06Federman statement emphasizes legacy preservation despite ownership change.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

Full coverage · 6 outlets

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CalcalistUnrated · Hebrew2 hours ago

Recanati Family Acquires 29% Stake in Maccabi Tel Aviv Basketball from Federman Family

CalcalistUnrated · Hebrew2 hours ago

Recanati Family Acquires Majority Stake in Maccabi Tel Aviv Basketball from Federman Family

N12Center · Hebrew2 hours ago

Maccabi Tel Aviv Considers New Partners Following Reknati Deal Completion

MakoCenter · Hebrew2 hours ago

Maccabi Tel Aviv Considers New Partners Following Rekanati Deal Completion

Now 14Right · Hebrew2 hours ago

Danny Federman Reflects on Family’s 90-Year Legacy After Selling Maccabi Tel Aviv Basketball Shares

N12Center · Hebrew3 hours ago

Racnati Family Completes Majority Purchase of Maccabi Tel Aviv, Federman Family Bids Farewell

WallaCenter · Hebrew3 hours ago

Jason Levine Expected to Acquire Stake in Maccabi Tel Aviv from Recanati Family

WallaCenter · Hebrew3 hours ago

Federman Family Ends 90-Year Legacy as Maccabi Tel Aviv Ownership Transfers to Recanati Family

Now 14Right · Hebrew4 hours ago

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

YnetCenter · Hebrew4 hours ago

Racnati Family Buys Federman Stake in Maccabi Tel Aviv for $50 Million

MakoCenter · Hebrew4 hours ago

Recanati Family Finalizes $50 Million Deal to Control 58% of Maccabi Tel Aviv

N12Center · Hebrew4 hours ago

Recanati Family Completes $50 Million Deal to Control 58% of Maccabi Tel Aviv

WallaCenter · Hebrew4 hours ago

Recanati Family Completes Purchase of Federman Shares, Gains Control of Maccabi Tel Aviv

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