Ajax chief executive Alex Kroes has been suspended by the Dutch club's supervisory board over allegations of insider trading.
He said he had purchased club shares in stages from April 2022 to July 2023, stopping once his appointment at Ajax was confirmed "to avoid any misunderstandings". "The AFM can then independently assess whether or not I have acted contrary to the law and the severity of this. Naturally, I will bear the consequences."
"Alex Kroes' actions are not in line with what Ajax stands for. The timing of his share purchase indicates insider trading. Such a violation of the law cannot be tolerated by a publicly listed company, especially when it involves the CEO."
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