Ajax CEO Alex Kroes Suspended Amid Insider Trading Accusations

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Immediate Suspension for Ajax CEO

Alex Kroes, the recently appointed CEO of the renowned football club Ajax, has been suspended with immediate effect following allegations of insider trading. Kroes, who took over from Edwin van der Sar last summer, finds himself in the midst of a severe legal and ethical controversy barely a month after officially starting his role in Amsterdam.

Alleged Insider Trading Leads to Potential Dismissal

Ajax has announced their intention to sever ties with Kroes after it was revealed that he purchased over 17,000 shares in the club shortly before his appointment was publicized. This action has raised suspicions of insider trading, prompting the Supervisory Board to seek external legal advice. The outcome suggests a high likelihood that a criminal offence was committed by Kroes. In light of these events, his fellow board members will assume his duties, with Michael van Praag stepping in as a delegated commissioner.

Ajax to Hold Shareholders Meeting Over Kroes’s Fate

The club is set to hold an Extraordinary General Meeting of Shareholders (EGM) to discuss the intended dismissal of Kroes, following the protocol outlined in their articles of association. The final decision on his dismissal will be made after this meeting.

Van Praag Expresses Disappointment and Ensures Continuity

Chairman of the Ajax board, Michael van Praag, has expressed his deep disappointment over the scandal, emphasizing that such conduct is not representative of Ajax’s values. He assured fans and stakeholders that despite the unfortunate situation, the club’s technical policy and direction would remain unchanged.

Ajax’s Rocky Season On and Off the Pitch

The insider trading scandal is not the only challenge Ajax has faced this season. After a series of poor performances that landed the club in the relegation zone for the first time since 1954, several key staff members, including former Arsenal scout Sven Mislintat and manager Maurice Steijn, were dismissed. The club has since seen an upturn in fortunes under the guidance of John van ‘t Schip and the signing of England’s Jordan Henderson, currently sitting fifth in the Eredivisie table.

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