Jason Levien

The Recanati family is on its way to sell half of its holdings to Jason Levien, but Eric Stielman is not giving up. In the background: the firing of Federman's associates and a lack of trust between shareholders. And also: Shimon Mizrahi's concerns, the huge budget, and the vision of a new arena with 20,000 seats.

As revealed on ynet, the Jewish-American businessman purchased half of Udi and Shie Recanati's holdings for $50 million, and he now holds 29% of the club's shares. The remaining shareholders have 30 days to exercise their right of first refusal and effectively cancel the deal.

Following a wave of speculation regarding new investors, the Recanati family is selling half of its shares to businessman Jason Levien for $50 million. Shimon Mizrahi and other shareholders must now decide whether to exercise their right of first refusal. Meanwhile, Arik Shtilman has been sidelined once again.

The founder of Rapyd has offered 120 million dollars for 58% of Maccabi Tel Aviv and an injection of an additional 30 million into the club. At the same time, the Recanati family intends to sell half of its holdings to the Jewish-American businessman, former CEO of the Memphis Grizzlies.

The Recanati family has initiated the sale of a 29% stake in the Maccabi Tel Aviv basketball club. American businessman Jason Levien and Rapyd founder Arik Shtilman are competing for the controlling interest.

The Recanati family, which holds the majority of the club's shares, has initiated proceedings to sell half of its stake. The new investor is set to be Jewish-American businessman Jason Levien, a former CEO of an NBA team.