The Recanati family announced it will purchase the combined 29% stake held by the Federman and Stilman families in Maccabi Tel Aviv for $50 million, ending the Federman family's involvement with the club.
At 19:55 Jerusalem, the Recanati family announced it will purchase the Federman and Stilman families' stakes in Maccabi Tel Aviv for $50 million. The deal, which includes the 14.5% stakes held by each family, adds Stilman to the transaction, which was initially reported as only involving the Federman family (The Zioneer, 19:43). The purchase ends the Federman family's involvement with the Israeli sports club. The Recanati family is a prominent Israeli business dynasty.
3 developments
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- DevelopingMaccabi Tel Aviv reportedly keeping Dor Peretz in surprise turn
- DevelopingMaccabi Tel Aviv learns UEFA Europa League qualifying opponent
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