April 17, 2024

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New bombshell at Ajax: New coach sacked after just one month due to 'violation of the law that we cannot tolerate' – Football News

New bombshell at Ajax: New coach sacked after just one month due to 'violation of the law that we cannot tolerate' – Football News

New bombshell at Ajax: Alex Kroos, the club's newly appointed general manager, has been sacked with immediate effect. Kroos is said to have acted based on inside information when purchasing shares in the club.

After discovering that Kroos had purchased more than 17,000 Ajax shares a week before the announcement of his intended appointment on 2 August 2023, the club's Supervisory Board (SB) decided to permanently end its cooperation with him.

The club suspects he may have engaged in insider trading. Kroos was originally announced as Ajax's new general manager, succeeding Edwin van der Sar. However, due to a non-compete clause in his contract with AZ Alkmaar, he was only able to start for Ajax on 15 March.

We cannot tolerate this

Michael van Praag, Chairman of the Supervisory Board, said in response: “We are very surprised by what is happening now to Ajax, because this is very bad for the club and for everyone who cares about the club.”

“Alex Kroos's actions are not consistent with what we stand for with Ajax. The moment he bought the shares means he was trading with inside information.”

“A listed company cannot tolerate such a violation of the law, especially if it concerns the CEO. After careful deliberation, the Supervisory Board came to the conclusion that Alex’s position as a member of the Ajax Board of Directors is untenable.”

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