The Board is a mess. Regarding Kroes What insider trading information could there be? It’s just totally unbelievable what’s happening to this club.
https://nos.nl/artikel/2515198-club...recteur-kroes-de-aandelen-ajax-met-voorkennis Club love or forbidden act: did director Kroes buy the Ajax shares with insider information? Insider trading: for that reason, Ajax wants to fire general manager Alex Kroes. But how justified is that? Just before it was announced in August 2023 that he would become director, Kroes bought shares of the professional club. He himself says that he reported the purchase. In that case, Ajax must explain why the new director was not protected from his action, says the Association of Securities Owners (VEB), which defends the interests of shareholders of listed companies. The most important characteristic of insider trading is that a person buys or sells shares of a publicly traded company, while he or she has knowledge of not yet public, price-sensitive information. According to VEB chairman Gerben Everts, the Netherlands Authority for the Financial Markets (AFM) must assess whether the suspended Ajax director has acted with insider information. There, Everts previously worked as a supervisor and dealt with insider trading matters at listed companies. Everts does call the purchase "stupid" and "unfortunate". He also thinks that information about a new director at a listed company is quickly considered price-sensitive. "It's not easy, but it's quickly seen that way. Especially at a company like Ajax, the director is someone who also changes the direction of a company." Alex Kroes himself says that he wanted to show confidence in Ajax with the purchase. "Skin in the game," Kroes wrote in a statement on LinkedIn. Indeed, it is not uncommon for a director to buy shares to show that he or she has confidence. VEB chairman Gerben Everts: "As a shareholder, we often find this desirable." For the time being, the VEB is therefore assuming good intentions. "I do believe that Kroes didn't think he wanted to score." Everts emphasizes that this intention does not mean that the right action has been taken. Ajax needs to take a good look at itself in the mirror, says Everts. "If, as Kroes says, Ajax knew about the share purchase, you can ask questions about the internal organization. Then the Supervisory Board should have protected him." The VEB will ask questions about this at Ajax's shareholders' meeting. AFM For the time being, the AFM has not ruled on the matter and refers to its duty of confidentiality. If insider trading is indeed involved, the AFM can take various steps. This can vary from an admonishing conversation to forwarding the case to the Public Prosecution Service. Edit: VEB is the foundation for shareholders interests.
His last purchase was a couple days before “officially” hired. But I imagine he was given information on the club if that deep into the interview process. If the board knew the whole time, they’re idiots for allowing him to become CEO. From what I read somewhere else, Kroes didn’t disclose the last purchase. But that seems to be up in the air. It is just overall bizarre and dumb by Kroes. Why on earth would he do that? It might not be 100% illegal — but at the very least he had the information he was getting hired which wasn’t public. It’s moronic to put your career on the line for this.
I know Ed had a brain bleed but is he able to come back? Tell Overmars, he is forgiven for the dick pics, and just make sure all the women that surround him, are Oma's (grandmas). I just want to see this club not be a hot mess. I not diehard fan but I always liked and respected Ajax but this backoff shit show is out of control. I don't see the problem with buying shares but maybe because I don't understand Dutch financial regulations. He was getting the job, he knew it so he bought shares in the club. What is so crazy!?!
Oh dear. A new political battlefield at Ajax cannot be ruled out, and that characterizes the Amsterdam snake pit According to Sjoerd Mossou, it cannot be ruled out that Alex Kroes has gone down in a dark political game at Ajax. "But with his juggling with Ajax shares, Kroes personally gave his opponents a weapon." Sjoerd Mossou 03-04-24, 06:00 Last update: 09:49 https://www.ad.nl/nederlands-voetba...t-tekent-de-amsterdamse-slangenkuil~a144056e/
Here is some background to this Is a complete ban on shares in the company you work for necessary? Cor Boonstra, who became CEO of Philips in 1996 and subsequently moved the headquarters to Amsterdam, came into disrepute in 2000 after he was found to have traded in Endemol [known for 'Big Brother' and 'The Voice' tv shows] shares, a week before the Spanish Telefonica made a takeover bid. The price shot up and Boonstra immediately took the profit of 225 thousand euros. But the Public Prosecution Service smelled trouble, because Boonstra's then girlfriend Sylvia Tóth was a commissioner at Endemol. He was acquitted due to lack of evidence - 'we cannot lift the roof of someone's skull and point to a pile of 'inside information',' according to the Public Prosecution Service - but was unable to get rid of his reputation as a grabber. The Financial Supervision Act, which prohibits insider trading, is a trap for top managers. In the Anglo-Saxon countries, where trading with non-public information is called 'insider trading', many CEOs have made a mistake, sometimes consciously and sometimes unconsciously, because they felt they were being shortchanged with their millions of salaries. But reputations have also been destroyed in the Netherlands. ABN Amro director Louis de Bièvre had to pack his bags in 1995. His wife had listened to her husband's telephone conversation about the takeover of real estate fund Breevast. She secretly bought 50,000 shares of the fund, with which she earned half a million euros. She got away with a fine of 1 million euros. Wim Scherpenhuijsen Rom had to resign a few weeks after his appointment as ING CEO due to a private investment with a client. The most controversial insider case was that against then business doctor Joep van den Nieuwenhuijzen and the multi-millionaires Léon Melchior and Eric Albada Jelgersma, who had dumped millions of HCS shares on the eve of an issue. They went free because it could not be proven that they had benefited from it. That was the reason for an amendment to the law. The condition for criminal liability that advantage must also be derived from it was removed. This is now costing Alex Kroes of the Ajax stock exchange fund his head, because he has not benefited financially either. Kroes was naive. Top managers are now expected to own shares in their companies, so that their own interests coincide with those of shareholders. For this purpose, they often receive rewards in shares and/or share options on top of their regular salary. But they cannot always capitalize on it. For example, there are lock-ups (trading bans) after the IPO, around the publication of figures or for other price-sensitive events, such as a takeover or appointment as director. The periods are arbitrary. Top managers always have insider knowledge about the ins and outs of a company. In the boardrooms there is continuous philosophizing about price-sensitive strategic decisions, such as the sale or purchase of activities or restructuring. One might think managers and their relatives up to the third degree should never own shares in the companies they run. It would also remove the prejudice that the interests of other stakeholders (employees, customers) are neglected. But the Netherlands has already strayed too far into the waters of Anglo-Saxon capitalism for such a ban. https://www.volkskrant.nl/economie/...-op-aandelen-in-eigen-bedrijf-nodig~bfc64b60/
Ajax puts it's fate in the hands of Marijn Beuker and Kelvin de Lang, but who are they? https://www.ad.nl/nederlands-voetba...en-kelvin-de-lang-maar-wie-zijn-zij~aa95cc2d/
On a total side note, on the pitch, Ajax can cut it to 5 behind AZ for fourth tomorrow thanks to their surprising result today.
[QUOTE="wynaldaisagod, post: 42125946, member: 338473" I agree with you. Bizarre, dumb, and it might not be 100% illegal, but moronic. Once again the Board and entire Management and decision makers have let us down. Truly incredible how F up Ajax is right now.QUOTE][/
Kroes is now in trouble with the KVNB. He bought shares in Ajax while he was at AZ which is against the regulations. This was before the 'insider trading' purchase. He did not inform them or AZ about this purchase. I think AZ would have sacked him right away had they known just as they did Slot when he negotiated a deal to manage Feyenoord while still the AZ trainer.
https://www.vi.nl/nieuws/kroes-overtrad-ook-regels-go-ahead-az-en-knvb He'has been a serial rule breaker it turns out.
Not going to happen. When you look at Overmars's transfer record, there were some very good buys but also a lot of rubbish players. I've posted this list before but here are the transfers during Overmars period and you can draw your own conclusion about how effective he was.: 2013 van der Hoorn Duarte Poulsen Viergever 2014 Sinkgraven Zimling Milik Zivkovic 2015 Dijks Gudelj Younes 2016 D. Sanchez Westermann Casseria Neres L. Traore Ziyech 2017 Orjuela Taliafico Wober Huntelaar 2018 Blind Magallan Schuurs Bande Tadic 2019 Alvarez Pirie Labyad Marin Martinez Babel Promes L. Traore 2020 Scherpen Steklenburg Klaiber Kudus Antony Haller Idrissi 2021 Gorter Pasveer Berguis Godts
This was my first suspicion. He gave his enemies ammunition and the moment he did something that threatened their interests (whatever that was), they pounced.
I see lots of misses but some really big hits. The big hits did more than. Enough to offset the misses.
If Kroes , as he claims, had told Ajax board about the shares purchase, why in the first place they hired him if this is against the regulations? Isn't it the board, with its inadequate decision, to blame for the current mess? If this is the case shouldn't they resign? Lots of questions and very few answers.
So there is some July 28th (?) purchase that people have mentioned that he didn't disclose to the board. 17,000 shares the week before he was announced to join. It is one thing to buy the shares while working at AZ (bizarre and wrong) but it's another to buy the shares when you know you're taking over the club. I agree the board handled this wrong and is incompetent-- but this is a 100% no discussion fireable offense. I don't think this is a 'they were looking for something to fire him about' situation. I mean forget working at Ajax-- he might get a lengthy ben from the KNVB.
Wow! What a goal by Gaaei! Super happy for him with all the flack he’s got since he’s been in Amsterdam (me included!) real nice work from Godts in the work-up too whose cross led to the volley goal from Gaaei
Ramaj sure does fumble the ball a lot. It was a tough ball, regardless, but he doesn’t seem the most sure with catches. Good reflexes, though.
This had to be one of the youngest starting 11 ever to wear an Ajax shirt. Even all the substitutes were really young as well. Of course, Ajax did fail at the end of the match like so many others this season and could only come away with one point. Maybe Ramaj could have punched the ball away, but it was an error of magnitude. Ajax had a number of opportunities to finish off the match but could not finish chances or make the final pass that would have led to a better shot on goal. Things stay the same in the table as all the teams around Ajax drew (other than AZ but they may be a step too far for Ajax to catch). Gaaei has to be the top player on the pitch with a very solid game. It's not much fun to be an Ajax supporter and wait until they undo a lot of minutes of good work. Player Ratings: Ramaj (4) - two horrible fandango moves and almost lost the ball each time; he had to be brave and come out on the equalizer but maybe could have done better Gaaei (7) - world class volley and generally very good play otherwise Rensch (6.5) - defended well Kaplan (6.5) - strong in the air Hato (5.5) - Cal Ripken streak continues, but this was far from his best game Taylor (6) - worked hard on defense all game long and came forward to be part of the offense Tahirovic (5.5) - marginally average and just can't make quick passes when they are needed Mannswerk (6) - had the ball in deep but just two very weak shots Hlynsson (6) - hard worker and came back to help out defending Godts (6.5) - a couple of great crosses but dribbled into two defnders too much for my liking Bergwirn (4.5) - looked peeved when he was pulled out but he was really poor on the night, can't play in the middle Fitz-Jim (5.5) - had some nice passes but when he loses the ball he gives up on the play Rijkoff (5) - should have passed to the cutting player instead of shooting Forbs (5) - I hope some team in Europe wants him this summer but I'm afraid no one will Voss (5.5) - decent in the time he was on Goojier (NR) - on late and his cross was not worth commenting on Feyenoord, who are injury struck, up on Sunday. The dismal hits just keep on coming.
Funny thing: I read somewhere in the media the players bought by Mislitat (can) fetch more than he paid for them