Ajax’s chief executive, Alex Kroes, faces suspension by the club’s supervisory board amid allegations of insider trading.
The board accuses Kroes of purchasing over 17,000 shares in the club a week before his appointment announcement, prompting external legal advice indicating potential insider trading.
Ajax intends to dismiss Kroes, who refutes the decision and seeks judgment from the Dutch financial watchdog AFM. Kroes defends his share purchases as a display of confidence in the club, yet board chairman Michael van Praag deems his actions detrimental and untenable for Ajax.
Shareholders will deliberate Kroes’ dismissal at an extraordinary general meeting, with the supervisory board holding the final decision. Despite being appointed in August, Kroes only assumed his role last month due to contractual obligations with his previous club.
