Ajax Amsterdam suspend CEO amid share trading suspicions
Ajax Amsterdam have suspended new CEO Alex Kroes with immediate effect on suspicion he has been involved in insider trading in the club’s shares.
The club’s supervisory board said in a statement on Tuesday.
The board said it had learned Kroes had bought more than 17,000 Ajax shares a week before his intended appointment was announced on August 2ust, 2023.
“External legal advice indicates that he likely engaged in insider trading,” the board said in the statement.
Mr Kroes could not immediately be reached for comment.
He told the Dutch news agency ANP he would seek a judgment by the Dutch financial watchdog AFM, which oversees share trading, on his acquisitions.
Mr Kroes’ suspension is another twist in an already dramatic season for the Dutch record champion, in which they fired their technical director and head coach only a few months after appointing them and briefly found themselves at the bottom of the Eredivisie table for the first ever.
Ajax is currently in fifth place, 28 points behind league leaders PSV Eindhoven, despite spending over $107 million on new players in the close-season.
Mr Kroes, 49, a former director at Eredivisie clubs Go Ahead Eagles and AZ Alkmaar started his job as CEO and chairman of the board at Ajax on March 15.
(Reuters/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Rights
N495 Million Debts: UCH staff to close 4:00 p.m. after IBEDC disconnected electricity supply
The Ibadan Electricity Distribution Company (IBEDC) disconnected the power supply to UCH due to alleged accumulated debt.
Education
Two million out-of-school almajiri children enrolled: FG
The federal government has enrolled two million out-of-school almajiri children in basic and Arabic literacy programmes.
Politics
Kano assembly confirms four commissioner-nominees
On Tuesday, the Kano House of Assembly screened and confirmed four commissioner-nominees sent to it by Governor Abba Kabir-Yusuf.
Education
National common entrance examination to hold April 20: NECO
Pupils below 10 years are not qualified to sit the exam, according to NECO.
Education
20,000 Teachers’ Vacancy: Cross River scrambles to employ 6,000
“There is already a memo before the governor for us to start with the employment of 6,000 teachers,” said the education commissioner.
World
Russia condemns Israel’s attack on Iranian consulate
Such “aggressive” actions by Israel are “absolutely unacceptable and must be stopped,” according to Russia.
