The battle escalates: Erick Shilman improved the offer to buy Maccabi Tel Aviv

The main sponsor of Maccabi Tel Aviv, Erick Shilman, submitted an upgraded offer to the Recanati family to purchase 58% of the club's shares. The proposed deal stands at $120 million, plus a premium of $20 million above the price at which the family bought Federman's shares, and an additional $30 million that will be injected directly into the club's coffers. Shilman is trying to complete his entry into the team after being left out in May.

The battle for control of Maccabi Tel Aviv basketball reaches a new peak: businessman Erick Shilman, founder and CEO of Rapyd and the main sponsor of the yellow-and-blue, revealed that he submitted an upgraded and significant offer to the Recanati family to purchase their stake in the club (58%). The new offer, sent to Udi and Shai Recanati, follows the previous offer Shilman made to purchase all shares of "Naftali Holdings." The updated framework includes a premium of $20 million above the price at which the Recanati family bought the Federman family's shares – bringing the deal value to $120 million for the 58%. In addition to the purchase amount, the offer includes a significant clause of injecting an additional $30 million directly into the club's coffers. According to the wording of the message conveyed to the Recanati family, this investment will not dilute the holdings of other shareholders, and its main goal is to strengthen the team immediately to bring it to sporting achievements at the highest level. The current move comes after Shilman had already agreed in May to purchase half of the Federman family's shares (14.5%), but remained outside the club after the Recanati family exercised their right of first refusal and bought the shares themselves. Now, Shilman is applying heavy pressure on the club's leaders to complete his entry into the team and usher in a new economic era in the arena.