Maccabi Netanya Ownership Dispute Leads to $2.5 Million Lawsuit
Translated & summarized from Sport5 by baba
Aliya Capital Partners, led by Ross Kestin, has sued former owner Eyal Segal for 9.5 million shekels over alleged breaches of their May 2025 club sale agreement. The lawsuit claims Segal failed to clear Maccabi Netanya's debts by the agreed-upon deadlines. Aliya Capital Partners states it paid $3.5 million and covered operational costs, but Segal allegedly left the club with significant outstanding liabilities.
The story in 5 lines · by baba
- Aliya Capital Partners sued Eyal Segal for 9.5 million shekels over alleged debt breaches.
- The lawsuit concerns the sale of Maccabi Netanya football club shares in May 2025.
- Segal allegedly failed to make Maccabi Netanya debt-free by the agreed deadlines.
- Aliya Capital Partners claims it paid $3.5 million and covered ongoing club expenses.
- The dispute centers on Segal's alleged failure to settle past liabilities.
Maccabi Netanya, an Israeli football club, is embroiled in a significant legal and administrative dispute following a lawsuit filed by its current controlling owner, Aliya Capital Partners LLC, led by Ross Kestin. The firm, which acquired the club's shares from Eyal Segal, has lodged a claim for 9.5 million shekels (approximately $2.5 million) with the Football Association's arbitration institution. The lawsuit targets Segal and his company, Ranoman Ltd., through which he previously held the club's shares.
The core of the claim is that Segal allegedly breached the terms of the club's sale agreement, signed in May 2025. According to the lawsuit, Segal was obligated to cover all of Maccabi Netanya's debts and liabilities up to the end of the 2024/2025 season, with a specified cutoff date of June 1, 2025. He also reportedly committed to ensuring the club was entirely debt-free by the end of 2025.
The purchase agreement stipulated that the shares were acquired with the understanding that the club would be "debt-free." Aliya Capital Partners transferred $3.5 million to assist in covering past debts. However, the lawsuit asserts that Segal and Ranoman Ltd. personally guaranteed to settle all remaining liabilities and outstanding debts incurred before the June 1, 2025, deadline by December 31, 2025. The agreement also included a mechanism where the club's accountant would produce a binding report, and Segal would then provide the remaining funds determined by that report.
Aliya Capital Partners claims it fulfilled its obligations, including transferring the full $3.5 million and financing all ongoing operations since the acquisition. Despite this, the suit alleges that Segal failed to meet his commitments, did not settle past liabilities, and did not inject the necessary funds, resulting in approximately 9.5 million shekels owed to both Maccabi Netanya and the purchasing company.
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