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
- StrongFederman Family Sells Maccabi Tel Aviv Stake to Recanati Family After 90 Years
- DevelopingMaccabi Tel Aviv Sponsor Accuses Recanati Family of Deceiving Shareholders
- StrongRecanati family informs shareholders of plan to sell 29% stake in Maccabi Tel Aviv to Jason Levin
- DevelopingRAPID Founder Eric Stilman Reportedly Offers $100M for Recanati Stake in Maccabi Tel Aviv
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