Ajax’s current owner has been knocked down due to the current disaster going on in his…

Due to the current catastrophe, Ajax’s owner has been overthrown.

The club supervisory board announced in a statement on Tuesday that Ajax Amsterdam 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 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.”

The CEO and board chairman, Alex Kroes, has been suspended with immediate effect by the AFC Ajax NV Supervisory Board, which also plans to cancel the partnership permanently.

It was not possible to contact Kroes for a 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 suspension of Kroes adds another twist to an already turbulent season for the Dutch record champion, who ousted their head coach and technical director just months after they were hired and momentarily finished bottom of the Eredivisie table for the first time ever.

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.

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