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Ongoing Story· Today

Maccabi Netanya Ownership Dispute Leads to $2.5 Million Lawsuit

2 developments

MakoSports

Ex-Maccabi Netanya Owner Alleges Secret Fund Withdrawal Amid Lawsuit

Translated & summarized from Mako by baba

CenterCharged tone

Hebrew · Sole source

Former Maccabi Netanya owner Eyal Segal is countersuing Aliya Capital, led by Ross Klastin, after they sued him for NIS 9.5 million over alleged unpaid club debts. Segal claims Aliya Capital secretly removed him from an account and withdrew $750,000 without explanation. He asserts he fulfilled his obligations and acted to settle debts, while Aliya Capital failed to transfer promised funds.

The story in 5 lines · by baba

  • Eyal Segal claims Aliya Capital withdrew $750,000 from a Maccabi Netanya account without explanation.
  • Segal alleges he was secretly removed as an authorized signatory on the account before the withdrawal.
  • Aliya Capital, led by Ross Klastin, previously sued Segal for NIS 9.5 million over unpaid club debts.
  • Segal denies taking any money and states he acted to fulfill the sale agreement.
  • The dispute centers on the settlement of Maccabi Netanya's pre-acquisition debts.

Former Maccabi Netanya owner Eyal Segal has responded to a NIS 9.5 million lawsuit filed against him by Aliya Capital, led by Ross Klastin, the club's new owner. Aliya Capital claims Segal failed to meet his obligations under the sale agreement, specifically regarding the settlement of the club's past debts. Segal, through his lawyer Dor Liond, has called the lawsuit "baseless and erroneous" both legally and financially. He alleges that Aliya Capital failed to transfer all promised funds to Maccabi Netanya's old account, for which Segal is the sole guarantor and which was intended for settling pre-acquisition debts.

Segal further claims that Aliya Capital made an unexplained withdrawal of $750,000 from this account. Astonishingly, he discovered that the day before this withdrawal, he was secretly removed as an authorized signatory on the account without prior notification. Segal asserts that sufficient funds were available in the account to cover the club's debts, including those not yet due. He maintains he did not withdraw any money for himself and 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.

MakoCentre · Neve Ilan

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Full coverage · 2 outlets
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