Ajax suspend CEO Alex Kroes over allegations of insider trading

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The news comes during a turbulent season for the Amsterdam outfit, who are a lowly fifth in the domestic table and 28 points behind leaders PSV.

Ajax have suspended chief executive Alex Kroes over allegations of insider trading before his appointment at the Eredivisie club.

“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 trading is a criminal offence.”

“At that time I had not yet agreed with Ajax, but – because of my own intentions – I had a good feeling about it. I thought it was a positive signal to radiate confidence in the club and to shareholders. To be part of that – literally and figuratively.

 

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