Maccabi Netanya's New Owners Sue Former Owner for $9.5 Million
Translated & summarized from Ynet by baba
Elite Capital, the new owner of Maccabi Netanya, has sued former owner Eyal Segal for 9.5 million shekels. The lawsuit claims Segal failed to pay off the soccer club's debts as agreed upon in the May 2025 sale. Elite Capital purchased the team for $3.5 million but alleges outstanding liabilities remain. Segal was asked to pay the debts in May but did not, leading to the lawsuit.
The story in 6 lines · by baba
- Elite Capital is suing former Maccabi Netanya owner Eyal Segal for 9.5 million shekels.
- The lawsuit alleges Segal breached the terms of the team's sale agreement.
- Elite Capital purchased Maccabi Netanya for $3.5 million.
- The suit claims Segal failed to clear the club's debts by the end of the 2024/2025 season.
- Segal also allegedly failed to ensure the club was debt-free by the end of 2025.
- Elite Capital demanded payment in May, but Segal did not comply.
Elite Capital, the current controlling owner of the Maccabi Netanya soccer club, led by Ross Kassin, has filed a lawsuit against the team's previous owner, Eyal Segal, and his company Reuman Ltd. The claim, submitted to the Football Association's arbitration institution, seeks 9.5 million shekels (approximately $2.5 million USD).
Elite Capital purchased Maccabi Netanya for $3.5 million. The lawsuit alleges that Segal breached the terms of the team's sale agreement, signed in May 2025. According to the suit, Segal committed to covering all of Maccabi Netanya's debts and liabilities through the end of the 2024/2025 season, and to ensure the club was debt-free by the end of 2025.
Despite Elite Capital fulfilling its $3.5 million payment, the lawsuit contends that significant debts and obligations remain unpaid by Segal. Elite Capital reportedly demanded Segal settle these debts in May, but he failed to do so, prompting the legal action.
Segal's response to the lawsuit will be included once received.
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