More turmoil at Ajax as new CEO suspended on suspicion of insider trading

The Amsterdam giants say they suspended Kroes after discovering he bought more than 17,000 Ajax shares a week before his intended appointment was announced last August

IN THE DOCK: Alex Kroes, general manager AFC Ajax

Ajax’s calamitous season worsened Tuesday when the Amsterdam club suspended new CEO Alex Kroes and said it intends to fire him on suspicion of insider trading in the club’s shares.

Kroes, who started at Ajax only last month as a permanent replacement for Edwin van der Sar, could not immediately be reached for comment. He posted a statement on LinkedIn saying he “cannot simply accept this decision of the Supervisory Board.”