Sports Investment

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.

First publication: Arik Shtilman offers to purchase the Recanati family's holdings in the basketball club and become the controlling owner. This follows a surprising move by the Recanatis, who exercised their right of first refusal to purchase the Federman family's shares.