Maccabi Netanya Ownership Dispute Leads to $2.5 Million Lawsuit
Translated & summarized from Mako by baba
Ross Kestin, the current owner of Maccabi Netanya, is suing former owner Eyal Segal for 9.5 million shekels (approximately $2.5 million). The lawsuit claims Segal failed to clear the club's debts as agreed upon in the 2025 sale. Kestin's company provided $3.5 million, but alleges Segal did not cover remaining liabilities, resulting in the current debt.
The story in 5 lines · by baba
- Ross Kestin is suing former Maccabi Netanya owner Eyal Segal for 9.5 million shekels.
- The lawsuit alleges Segal failed to clear the club's debts by the agreed-upon deadlines.
- Kestin's company provided $3.5 million as part of the 2025 acquisition agreement.
- The suit claims Segal did not fulfill his personal guarantees for the club's remaining liabilities.
- Maccabi Netanya is currently owned by Aliya Capital Partners LLC, led by Ross Kestin.
Ross Kestin, the current owner of Israeli football club Maccabi Netanya, has filed a lawsuit for 9.5 million shekels (approximately $2.5 million) against the club's former owner, Eyal Segal. The suit, filed by Kestin's company Aliya Capital Partners LLC with the Football Association's arbitration institution, alleges that Segal failed to meet his obligations as part of the 2025 agreement to sell the team.
According to the lawsuit, Segal was contractually bound to cover all of Maccabi Netanya's debts and liabilities by the end of the 2024-2025 season, specifically by June 1, 2025. He also committed to ensuring the club was entirely debt-free by the end of 2025. The purchase agreement stipulated that the club would be acquired "debt-free."
Kestin's company reportedly transferred $3.5 million to help cover past debts. Segal and his company, Ranoman Ltd., personally guaranteed the remaining liabilities, with a mechanism in place for Maccabi Netanya's accountant to determine any further amounts Segal would need to inject by December 31, 2025.
The plaintiffs claim that despite fulfilling their part of the deal by transferring the funds and covering ongoing operational costs since the acquisition, Segal did not uphold his end. He allegedly failed to settle past obligations or provide the necessary funds, leaving approximately 9.5 million shekels in debt to the club and the new owners.
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