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Ajax's season of chaos has continued after the club suspended their new CEO Alex Kroes after 'indications he was engaged in insider trading'.
Kroes was appointed by the Dutch side last summer but was only able to begin his duties in Amsterdam last month due to contract complications with previous club AZ Alkmaar.
Ajax released a statement on Tuesday morning saying it had learned Kroes purchased over 17,000 shares a week before he was slated to be appointed in early August last year, adding that it 'indicates he likely engaged in insider trading'.
Ajax - who have already been dealing with a spate of woeful results, fan protests and two sackings, said it intends to terminate his contract permanently - insisting his position is now 'untenable'.
'The Supervisory Board of AFC Ajax NV has decided to suspend Alex Kroes, CEO and chairman of the board, with immediate effect and intends to terminate the collaboration permanently,' they said in a statement.
Ajax have suspended new CEO Alex Kroes after accusing him of 'insider trading'
The club say his position is untenable after he 'purchased over 17,000 shares before his intended appointment last summer'
It continues a chaotic season for Ajax, who have endured a nightmare campaign following dismal results and fan protests
'This decision was made after the Supervisory Board learned that Kroes purchased over 17,000 shares of Ajax a week before his intended appointment was announced on August 2, 2023. The Supervisory Board sought external legal advice, which indicates that he likely engaged in insider trading. Insider
