High-profile case10/12/2026

Elite Capital Demanded That Eyal Segal Pay NIS 9.5 Million Over the Club's Debts

Elite Capital, the company controlling Maccabi Netanya, applied to the Israel Football Association's arbitration institution with a claim against the club's former owner, Eyal Segal. The claimant alleges that after the club was purchased, the company was left with debts and obligations that Segal was supposed to settle.

Key facts

•Amount claimed: NIS 9.5 million
•Club purchase price: $3.5 million
•The sale agreement was signed in May 2025
•Adjudicating body: the Israel Football Association's arbitration institution
•Respondent: Eyal Segal
•No decision in the claim has been published

Who Filed the Claim and Against Whom

Elite Capital, led by Ross Kestin, purchased the shares of Maccabi Netanya from Eyal Segal and Raouman Ltd. Elite Capital is now demanding that the former owner pay NIS 9.5 million. The claim was not filed with a court, but was submitted to the Israel Football Association's arbitration institution.

The Substance of the Allegations

According to the source, the club was purchased for $3.5 million. The claim states that under the sale agreement, which was signed in May 2025, Segal undertook to cover all of Maccabi Netanya's debts and obligations through the end of the 2024/2025 season and to ensure that the company would be completely debt-free by the end of 2025.

What the New Owner Alleges

Elite Capital alleges that it fulfilled its obligation to pay $3.5 million, but that the company still bears numerous unpaid debts and obligations. According to the claimant, Segal was supposed to settle them. The source reports that Elite Capital sent him a demand for payment in May, but the amount was not paid, after which the company filed the claim.

No Decision Has Yet Been Issued

The report did not provide a case number, the date on which the claim was filed, or the date of the hearing. Nor did it mention a decision by the arbitration institution. No response from Eyal Segal had been received by the time of publication, and the allegations detailed therefore remain the claimant's position.

What this means for you

The dispute illustrates that when a company or sports club is sold, the former owner may remain liable for debts if the contract expressly provides for this. For individuals and companies in similar situations, the precise wording of the agreement has practical importance: which obligations the seller must settle, for what period, and by what deadline. As long as the arbitration has not decided the case, Elite Capital's claims should not be regarded as proven allegations.

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