Economy · Full coverage
Recanati Family Gains Control of Maccabi Tel Aviv Basketball Club via Right of First Refusal
How 7 Israeli newsrooms covered this story — translated into English and compared side by side.
80% center
Center 4Right 1Unrated 2
By ניצן שפיר
First reported by Walla · Jul 15, 2026
What happened
The Recanati family has taken control of Maccabi Tel Aviv basketball club by purchasing the Federman family's 29% stake for $50 million, using their right of first refusal to block another buyer. This deal exemplifies how ROFR clauses enable shareholders to consolidate ownership and influence company control in Israel.
- 01Recanati family buys Federman’s 29% stake in Maccabi Tel Aviv for $50 million, gaining 58% control.
- 02Right of first refusal (ROFR) allowed Recanati to block Eric Stillman’s partial purchase of Federman shares.
- 03ROFR requires existing shareholders to match third-party offers before shares are sold externally.
- 04Legal experts say ROFR complicates sales but helps consolidate ownership and control.
- 05Other Israeli companies like Dorad power station and Anashim Ha’ir also recently used ROFR to block external buyers.
- 06ROFR clauses specify timeframes and usually require all-or-nothing exercise of the right.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 7 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
GlobesUnrated · HebrewJul 16, 2026
Recanati Family Gains Control of Maccabi Tel Aviv Basketball Club via Right of First Refusal
CalcalistUnrated · HebrewJul 15, 2026
Recanati Family Acquires 29% Stake in Maccabi Tel Aviv Basketball from Federman Family
CalcalistUnrated · HebrewJul 15, 2026
Recanati Family Acquires Majority Stake in Maccabi Tel Aviv Basketball from Federman Family
N12Center · HebrewJul 15, 2026
Maccabi Tel Aviv Considers New Partners Following Reknati Deal Completion
MakoCenter · HebrewJul 15, 2026
Maccabi Tel Aviv Considers New Partners Following Rekanati Deal Completion
Now 14Right · HebrewJul 15, 2026
Danny Federman Reflects on Family’s 90-Year Legacy After Selling Maccabi Tel Aviv Basketball Shares
N12Center · HebrewJul 15, 2026
Racnati Family Completes Majority Purchase of Maccabi Tel Aviv, Federman Family Bids Farewell
WallaCenter · HebrewJul 15, 2026
Jason Levine Expected to Acquire Stake in Maccabi Tel Aviv from Recanati Family
WallaCenter · HebrewJul 15, 2026
Federman Family Ends 90-Year Legacy as Maccabi Tel Aviv Ownership Transfers to Recanati Family
Now 14Right · HebrewJul 15, 2026
Recanati Family Takes Majority Control of Maccabi Tel Aviv with $50 Million Share Purchase
YnetCenter · HebrewJul 15, 2026
Racnati Family Buys Federman Stake in Maccabi Tel Aviv for $50 Million
MakoCenter · HebrewJul 15, 2026
Recanati Family Finalizes $50 Million Deal to Control 58% of Maccabi Tel Aviv
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