Heartbreaking news, The head coach of Ajax Amsterdam is suspended after proved that he had affair with his key player,s wife

Heartbreaking news, The head coach of Ajax Amsterdam is suspended after proved that he had affair with his key player,s wife

The club supervisory board stated in a statement on Tuesday that Ajax Amsterdam (AJAX.AS) has suspended new CEO Alex Kroes with immediate effect due to suspicions that he has engaged in insider trading in the club’s shares.

The board stated that it discovered Kroes had purchased over 17,000 Ajax shares just one week before to the announcement of his planned appointment on August 2, 2023.

The board stated in the statement that “external legal advice indicates that he likely engaged in insider trading.”

It was not possible to contact Kroes for comment at this time. He informed the Dutch news media ANP that he intended to request a ruling on his purchases from the country’s share trading authority, AFM.

The Dutch record champions had already had a turbulent season—firing their head coach and technical director only months after they were hired, and spending a brief period of time at the bottom of the Eredivisie table—but Kroes’ ban adds another wrinkle.

Despite investing over 100 million euros ($107 million) on new players over the off-season, Ajax is currently in sixth place, 28 points behind league leaders PSV Eindhoven.

On March 15, Kroes, 49, who had previously served as a director for the Eredivisie teams AZ Alkmaar and Go Ahead Eagles, began serving as Ajax’s CEO and chairman of the board.