By Stefan Acevski / info@eurohoops.net
he Federman family has officially left Maccabi Tel Aviv after selling their 29% stake in the club.
This information was reported by journalist Oded Halperin, among others, and the 29% was purchased by the Recanati family. They will now hold 58% of the ownership structure of Maccabi Tel Aviv.
“As part of the shareholders’ agreement, the Recanati family announced just an hour ago to the other shareholders that it is exercising its right of refusal and purchasing from Pednko Company all of the Federman family’s shares (29%) in the group. As a result, the family will hold 58% of Maccabi Tel Aviv’s shares.”
In their statement, the Recanatis announced that they paid around 50 million dollars for the purchase and plan to invest tens of millions of dollars in the coming years.
“The purchase price is around 50 million dollars. There is an intention to invest tens of millions of dollars in the players’ budget in the coming years.”
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