{"id":530575,"date":"2026-07-08T03:30:18","date_gmt":"2026-07-08T03:30:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/530575\/"},"modified":"2026-07-08T03:30:18","modified_gmt":"2026-07-08T03:30:18","slug":"recanati-family-takes-control-of-maccabi-tel-aviv-in-50-million-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/530575\/","title":{"rendered":"Recanati family takes control of Maccabi Tel Aviv in $50 million deal"},"content":{"rendered":"

The ownership structure of Maccabi Tel Aviv Basketball Club is set to undergo a major shift after the Recanati family agreed to purchase the Federman family\u2019s stake in the team for approximately $50 million, becoming the club\u2019s controlling shareholder.<\/p>\n

The Recanatis, who already own 29% of Maccabi Tel Aviv, recently notified the club\u2019s shareholders that they were exercising their right of first refusal under the shareholders\u2019 agreement to acquire the entirety of Fedanco Sports\u2019 holdings in the club. Following completion of the transaction, the family will hold a 58% stake in one of Israel\u2019s most prominent sports franchises.<\/p>\n

<\/p>\n

1 View gallery <\/p>\n

\"\u05db\u05d3\u05d5\u05e8\u05e1\u05dc<\/a>\"\u05db\u05d3\u05d5\u05e8\u05e1\u05dc<\/p>\n

Maccabi Tel Aviv player Lonnie Walker in action against Hapoel Tel Aviv in the Euroleague. <\/p>\n

(Photo: Oz Mualem)<\/p>\n

The deal marks one of the largest ownership transactions in Israeli sports and reshapes a process that had previously been expected to bring new investors into the club.<\/p>\n

In May, Fedanco Sports, the investment vehicle owned by the Federman family that holds a 29% stake in Maccabi Tel Aviv, announced that it had reached an agreement to bring in new investors, including high-tech entrepreneur Arik Shtilman, CEO and co-founder of payments company Rapyd.<\/p>\n

Under that proposed structure, Shtilman was expected to acquire a 50% stake in Fedanco Sports and join Maccabi Tel Aviv\u2019s board of directors as its representative. Fedanco Sports and Shtilman had also proposed investing $30 million in the club alongside additional investors, subject to approval from the club\u2019s shareholders.<\/p>\n

The agreement would have reduced the Federman family\u2019s stake in Fedanco Sports, turning it into a minority shareholder, while bringing new capital and technology-sector backing into the club.<\/p>\n

However, the proposal was contingent on Maccabi Tel Aviv\u2019s existing shareholders not exercising their contractual right to purchase Fedanco Sports\u2019 stake, a right that the Recanati family ultimately chose to activate.<\/p>\n

The Recanati family said following the transaction that it intends to significantly increase investment in the club, stating that it plans to allocate \u201ctens of millions of dollars\u201d toward the players\u2019 budget in the coming years.<\/p>\n","protected":false},"excerpt":{"rendered":"The ownership structure of Maccabi Tel Aviv Basketball Club is set to undergo a major shift after the…\n","protected":false},"author":2,"featured_media":530576,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-530575","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/530575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=530575"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/530575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/530576"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=530575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=530575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=530575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}