Former Maccabi Netanya Owner Denies Allegations in $9.5 Million Lawsuit
Translated & summarized from Walla by baba
Former Maccabi Netanya owner Eyal Segal has denied a NIS 9.5 million lawsuit filed by Aliya Capital, the club's current owner. Segal claims the lawsuit is baseless and that Aliya Capital failed to transfer promised funds and made an unauthorized withdrawal. He stated he did not take any money and acted to fulfill the agreement, even covering club expenses post-sale.
The story in 5 lines · by baba
- Eyal Segal denies a NIS 9.5 million lawsuit filed by Aliya Capital over Maccabi Netanya's debts.
- Segal claims Aliya Capital failed to transfer promised funds to the club's old bank account.
- Segal alleges Aliya Capital made an unexplained $750,000 withdrawal from the account.
- Segal states he was secretly removed as an authorized signatory before the withdrawal.
- Segal asserts he did not withdraw any personal funds and covered club expenses post-sale.
Eyal Segal, the former owner of the Maccabi Netanya soccer club, has responded to a NIS 9.5 million lawsuit filed against him by Aliya Capital, a company owned by Ross Klastin, who purchased the club from Segal. The lawsuit alleges that Segal failed to fulfill his commitment to cover the club's past debts. Segal, through his lawyer Dor Leond, has vehemently denied these claims, calling 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's response further claims that Aliya Capital did not transfer all the funds it committed to the club's old bank account, which was designated for settling past debts and for which Segal was the sole guarantor. He also alleged that Aliya Capital made an unexplained withdrawal of $750,000 from this account. Astonishingly, Segal discovered he had been removed from the list of authorized signatories on the account the day before this withdrawal, all done secretly without his knowledge.
According to Segal, the account contained sufficient funds to cover the club's debts, including those not yet due. His representatives emphasized that Segal "did not withdraw a single shekel for himself from Maccabi Netanya." They asserted that, contrary to the lawsuit's claims, he acted and continues to act to fully honor the agreement, even allowing the club to operate for months after the sale using his own funds and bank guarantees.
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