Ajax have suspended chief executive Alex Kroes over allegations of insider trading before his appointment at the Eredivisie club.
Kroes, who only started the role last month, was announced as chairman and CEO in August 2023 but the Dutch giants claimed in a statement that the 50-year-old had purchased 17,000 club shares a week earlier.
A club statement read: “The Supervisory Board of AFC Ajax NV has decided to suspend Alex Kroes, CEO and chairman of the board, with immediate effect and intends to terminate the collaboration permanently.
“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.”
Kroes said in a post on LinkedIn that he had purchased shares in “bits and pieces” from April 2022 to July 2023 – before he agreed to join the club.
He said: “Last week, some media asked questions about the Ajax shares that I own. Among other things, I was asked whether I had received this as signing money from Ajax or whether I bought it myself. The latter is the case. I bought every Ajax share myself.
“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.
“I believe that you radiate confidence to your fellow shareholders and stakeholders if you buy shares yourself and therefore also run financial risks yourself. ‘Skin in the game’, as they say.”
The news comes during a turbulent season for the Amsterdam outfit, who are a lowly fifth in the domestic table – 28 points behind leaders PSV – and face the possibility of missing out on European competition next season, something which last happened in 1990-91.
Michael van Praag, chairman of the supervisory board, added: “We are deeply dismayed that this has occurred at Ajax, as it is highly detrimental to the club and everyone who holds it dear to them.
“Alex Kroes’s 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.
“After careful consideration, the Supervisory Board has therefore concluded that Alex’s position as a director of Ajax is untenable. I want to emphasise that the technical policy will continue with the individuals in place and on the path Ajax was already on with Alex.”
Kimmich ready to open Bayern Munich talks amid Barcelona speculation
Joshua Kimmich is ready to open talks with Bayern Munich over his future at the club amid speculation linking him with Barcelona.
The Germany international has spent nine years at the Allianz Arena, but he is due to become a free agent at the end of the 2024-25 campaign.
Barca have been repeatedly linked with Kimmich in recent transfer windows and are said to retain an interest ahead of next season.
Speaking to Spanish outlet AS, the midfielder talked up Barca - as well as fierce rivals Real Madrid - but fell short of saying he is open to a move.
"I want to talk to Bayern. When I do that, I won't go out and talk to the press about it," he said.
"I'm not thinking about this. I will speak to Bayern first. But of course, Barcelona and Real Madrid are amazing clubs with an amazing history."
Kimmich has played 37 times in all competitions this season for Bayern, whose last remaining hope of silverware is in the Champions League.
Bayern will face Real Madrid over two legs for a place in the final, with the first match in that double-header taking place in Bavaria on Tuesday.
Thomas Tuchel will depart the dethroned Bundesliga champions at the end of the season, with Ralf Rangnick the favourite to succeed him.
The managerial uncertainty is not helping with regards to the Kimmich rumours, but he insists that will not be a deciding factor on his future.
"It's not the most important thing right now," he said. "I know that when you sign a contract you don't sign it with the coach.
"You sign it with the club. For me, the most important thing is the club, not just the coach.
"But it's also important to know what the coach thinks about you and the team. Other people in the club can worry about choosing the coach."
Desailly calls on LaLiga to do more to protect Vinicius Junior
Marcel Desailly has called on LaLiga to do more to protect Real Madrid forward Vinicius Junior and other players who have been targeted by racist abuse.
Vinicius broke down at a press conference earlier this month as he opened up about the abuse he has received from the stands while representing Madrid.
The Brazil international is not alone in that regard, with team-mate Aurelien Tchouameni another example, and World Cup winner Desailly wants more to be done.
"Vinicius has spoken out, but it's not about him - it's about LaLiga and the people who can take action," he told Stats Perform.
"We have the power to change things, but we are not doing enough. Samuel Eto'o had the same issue before.
"Vinicius is one of those who is suffering because the administrative people in charge are not willing to hit harder than they are."
Vinicius has been a key player for LaLiga champions-elect Madrid once again this season with 13 goals and five assists in 23 outings.
Desailly regards Vinicius, who scored the winning goal in the 2022 Champions League final, as one of the finest players of his generation.
"He's a very ambitious player," Desailly said. "I think he's improved a lot because he is now clinical in assisting and finishing.
"When you look at someone like Ousmane Dembele, his stats are not as good.
"Then you look at Jadon Sancho, Bukayo Saka, another who has improved - there is potential for each of those to get close to Vinicius."
Ancelotti: Real Madrid are never 'undervalued' in the Champions League
Real Madrid always feel respected by every team in the Champions League, so says coach Carlo Ancelotti.
Madrid overcame holders Manchester City on penalties in the quarter-finals to tee up a last-four clash with Bundesliga giants Bayern Munich.
City dominated much of the second leg in Manchester, yet after a 4-4 draw on aggregate, it was Ancelotti's team who got over the line.
Fourteen-time European champions Madrid, who allowed Karim Benzema to leave for Saudi Arabia at the end of last season, were not fancied to get past City, but Ancelotti does not think his team have been undervalued in this year's competition.
"Madrid is never undervalued in this competition, because everyone knows what we can do," he said.
"We feel respect from everyone."
City's Bernardo Silva called Madrid a "strange" team, a comment that left Ancelotti nonplussed.
"I don't know. We are not strange," he added.
"I think the weight of the shirt weighs in this competition, like history, but I have nothing to answer Bernardo Silva with.
"He is a fantastic player. Last year [City] had a good time and this year we had a good time. That's football."
When it was put to him that Madrid go into this tie as favourites, Ancelotti replied: "It does not worry me. We have confidence to stand up to a team that has not had a great Bundesliga season, but has knocked out Arsenal.
"It comes from eliminating a very strong team in Europe. In the Champions League, history counts a lot and that works in our favour."
Ancelotti has faced Thomas Tuchel nine times in his career, winning three of those games, losing four and drawing twice, and the Italian anticipates another stern test.
He said: "In terms of quality, they are strong in transition, they can play in different ways and are very dangerous. We are two who do not have a very clear identity. We can both play in different ways."
Tuesday's first leg also marks a return to Munich for Ancelotti, who coached Bayern between 2016 and 2017.
"It is very beautiful, a fantastic city, although unfortunately German has never entered my head," Ancelotti said.
"My son did, he learned very well. Munich is a spectacular city to live in."
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