Former Maccabi Netanya Owner Denies Misconduct Amid $9.5 Million Lawsuit
Translated & summarized from Sport5 by baba
Former Maccabi Netanya owner Eyal Segal is being sued for NIS 9.5 million by new owners Aliya Capital, who claim he failed to cover the club's debts. Segal denies the allegations, calling the lawsuit baseless and counter-claiming that Aliya Capital made an unexplained $750,000 withdrawal from a club account he guaranteed. He asserts he acted to fulfill the sale agreement and did not take any funds himself.
The story in 5 lines · by baba
- Eyal Segal denies claims in a NIS 9.5 million lawsuit filed by Maccabi Netanya's new owners, Aliya Capital.
- Aliya Capital alleges Segal failed to cover the club's past debts as agreed in the sale.
- Segal claims Aliya Capital made an unexplained $750,000 withdrawal from a club account.
- Segal was allegedly removed as an authorized signatory before the withdrawal without his knowledge.
- Segal asserts he acted to uphold the sale agreement and did not take club funds.
Former Maccabi Netanya owner Eyal Segal has responded to a NIS 9.5 million lawsuit filed against him by Aliya Capital, the club's new owners led by Ross Kestin. The lawsuit, submitted to the Football Association's arbitration institution, alleges Segal failed to meet his obligations from the sale agreement, specifically regarding covering the club's past debts.
Segal, through his lawyer Dor Liond, called the lawsuit "baseless and erroneous, both legally and factually-accounting wise." He stated the suit was filed after Segal himself sent a demand letter to Aliya Capital. Segal had complained that Aliya had not transferred all committed funds to Maccabi Netanya's old account, for which Segal was the sole guarantor and which was intended to settle pre-acquisition debts.
Furthermore, Segal raised concerns about an unexplained $750,000 withdrawal from this account by Aliya Capital. He expressed shock that he was removed as an authorized signatory on the account the day before the withdrawal, without prior notification. Segal asserted that sufficient funds were available in the account to cover the club's debts, and he personally did not withdraw any money. He claims he has acted to fully uphold the agreement, even allowing the club to operate for months after the sale on his own funds and bank guarantees.
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