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New Ajax chief govt Alex Kroes going through the sack over alleged insider buying and selling | Enterprise Information

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The brand new chief govt of beleaguered Dutch soccer membership Ajax is going through the sack for alleged insider buying and selling.

Officers stated they supposed to fireplace Alex Kroes after it emerged he purchased greater than 17,000 shares within the membership only a week earlier than his appointment to the function was introduced final August.

“The supervisory board sought exterior authorized recommendation, which signifies that he probably engaged in insider buying and selling. Insider buying and selling is a prison offence,” the Amsterdam facet stated in an announcement.

Michael van Praag, chairman of the membership’s supervisory board, added: “We’re deeply dismayed that this has occurred at Ajax, as it’s extremely detrimental to the membership and everybody who holds it expensive to them.”

Mr Kroes solely began within the job final month as a everlasting alternative for former chief govt – and legendary goalkeeper – Edwin van der Sar.

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The Dutch facet have had a disappointing season. Pic: AP

In an announcement on LinkedIn, Mr Kroes denied wrongdoing and stated he “can’t merely settle for this choice of the supervisory board.”

The 49-year-old confirmed he purchased shares shortly earlier than his appointment – along with shares he already held within the membership.

Mr Kroes added: “I assumed it could be a Positive signal to precise confidence within the membership and to shareholders.

“I imagine that you just categorical confidence to your fellow shareholders and stakeholders if you purchase shares your self and due to this fact additionally run monetary dangers your self. ‘Pores and skin within the recreation,’ because it’s referred to as.”

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It comes after a difficult few months for the four-time European champions.

Coach Maurice Steijn was fired earlier within the season after the facet slumped into the relegation zone.

Ajax have since risen to fifth within the Dutch top-flight Eredivisie league however are 28 factors behind runaway leaders PSV Eindhoven.

Mr Kroes, a former director at Eredivisie golf equipment Go Forward Eagles and AZ Alkmaar, informed Dutch media he would now search a judgment by monetary watchdog AFM, which oversees share buying and selling within the nation.

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