Business

Ajax CEO Suspended Over Insider Trading Allegations

Apr 2, 2024 1 min read

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Ajax Amsterdam has suspended its CEO, Alex Kroes, over allegations of insider trading, as he is suspected of purchasing over 17,000 shares in the club a week before the public announcement of his appointment. The supervisory board of the club is taking steps to terminate his contract and has referred the matter to the Netherlands' Authority for Financial Markets (AFM) for an independent judgment on the acquisitions.

The suspension of Kroes is the latest in a series of tumultuous events for Ajax, which has seen significant changes in its management team. The club has dismissed its sporting director, Sven Mislintat, and manager Maurice Steijn just months after their appointments. On the field, despite investing over 100 million euros in new players during the close season, Ajax's performance has been disappointing, with the team currently positioned fifth in the Eredivisie table, 28 points adrift of league leaders PSV Eindhoven.

#sports #business-leaders #soccer #football #insider-trading #fraud #finance

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