The relationship between Dutch club Ajax Amsterdam and Ajax Cape Town has come to an abrupt end.
Following their failure to win promotion to Mzansi’s top-flight, the Urban Warriors have been dumped by the Dutch club, who confirmed that they sold their shares in the Mother City club, as reported in last week’s edition of Soccer Laduma.
It was reported in edition 1192 that the partnership was on shaky ground and that a split was imminent.
Ajax Amsterdam since confirmed in a statement on the club’s official website, the decision as predicted by the Siya crew.
“AFC Ajax NV has reached agreement on the sale of the 51% shareholding in Ajax Cape Town to the minority shareholder. The transaction will be completed no later than October 1.”
“After the strategic reorientation, which was reported in February 2020 during the presentation of the half-year figures, Ajax concluded that the ambitions and results in Amsterdam are in too great a contrast to the development of the football market in South Africa,” read the statement.
“Ajax has expressed the ambition to join the European top in a structural manner and in recent years not enough talent has been produced in the South African market of the level that Ajax strives for. Moreover, Ajax sees insufficient potential for the future here. The club has shifted its focus to other markets. Ajax Amsterdam had owned the 51% shares in Ajax Cape Town since 1999,” the Dutch club confirmed.
Meanwhile, the Mother City club also confirmed reaching an agreement to take control of the franchise and has issued the following statement:
Cape Town Stars, the South African minority shareholder of Ajax Cape Town has reached an agreement to take control of the franchise.
Cape Town Stars, the 49% shareholder of Ajax Cape Town, is pleased to announce that they have reached an agreement to acquire the 51% share of the GladAfrica Championship franchise from Ajax Amsterdam with effect from 1 October.
After 21 years of partnership with their Dutch counterparts, Cape Town Stars will be acquiring full control of the South African club.
Cape Town Stars will shortly be in a position to advise on the way forward with regards to the future of the franchise.
More to follow in due course.
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