Recanati Family Gains Control of Maccabi Tel Aviv Basketball Club via Right of First Refusal

First reported by Walla · 11 hours ago

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 · Hebrew47 minutes ago

Recanati Family Gains Control of Maccabi Tel Aviv Basketball Club via Right of First Refusal

CalcalistUnrated · Hebrew9 hours ago

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

CalcalistUnrated · Hebrew9 hours ago

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

N12Center · Hebrew9 hours ago

Maccabi Tel Aviv Considers New Partners Following Reknati Deal Completion

MakoCenter · Hebrew9 hours ago

Maccabi Tel Aviv Considers New Partners Following Rekanati Deal Completion

Now 14Right · Hebrew9 hours ago

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

N12Center · Hebrew10 hours ago

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

WallaCenter · Hebrew10 hours ago

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

WallaCenter · Hebrew10 hours ago

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

Now 14Right · Hebrew10 hours ago

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

YnetCenter · Hebrew11 hours ago

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

MakoCenter · Hebrew11 hours ago

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

N12Center · Hebrew11 hours ago

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

WallaCenter · Hebrew11 hours ago

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

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