Former Maccabi Netanya Owner Accuses Buyers of Secretly Withdrawing $750,000
Translated & summarized from N12 by baba
Former Maccabi Netanya owner Eyal Segal is suing the club's new owners, Aliya Capital, for allegedly withdrawing $750,000 from a club account without explanation. Segal claims he was secretly removed as an authorized signatory before the withdrawal. Aliya Capital had previously sued Segal for NIS 9.5 million, alleging he failed to settle the club's debts as agreed.
The story in 5 lines · by baba
- Former Maccabi Netanya owner Eyal Segal claims $750,000 was withdrawn from a club account without explanation.
- Segal alleges he was secretly removed as an authorized signatory before the withdrawal.
- Segal's response comes after Aliya Capital sued him for NIS 9.5 million.
- Aliya Capital accused Segal of failing to settle the club's past debts.
- Segal denies the allegations and calls the lawsuit baseless.
Former Maccabi Netanya owner Eyal Segal has responded to a NIS 9.5 million lawsuit filed against him by Aliya Capital, led by Ross Kestin, who recently acquired the club. Aliya Capital alleges Segal failed to meet his obligations regarding the club's past debts as agreed upon during the sale. Segal, through his lawyer Dor Leond, has called the lawsuit "baseless and erroneous" both legally and financially, stating it was filed after Segal previously demanded funds from Aliya. Segal claims Aliya failed to transfer all committed funds to Maccabi Netanya's old account, for which he was the sole guarantor and which was intended for settling pre-acquisition debts. He also highlighted a mysterious withdrawal of $750,000 from this account, noting with surprise that he was secretly removed as an authorized signatory the day before the withdrawal, without any notification. Segal asserts that sufficient funds were available in the account to cover the club's debts, and that he personally did not take any money. He maintains he acted to fulfill the agreement, even allowing the club to operate for months after the sale using his own funds and bank guarantees.
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