Ajax Amsterdam have confirmed they have ended their 21-year relationship with Ajax Cape Town as “not enough talent has been produced in the South African market of the level that Ajax strives for.”
The partnership which began back in 1999 has now ended with Ajax Amsterdam selling their 51 per cent share to the to the minority shareholder.
Ajax will likely undergo a name change as Cape Town Stars, the minority shareholder of Ajax Cape Town will acquire full control of the club.
“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,” reads the club’s statement.
‘The Urban Warriors’ failed to make a return to the Premier Division for the second time, falling short of promotion from the GladAfrica Championship last campaign. The Cape side threw away a healthy nine-point lead at the top of the table with five games remaining with Swallows FC sealing automatic promotion on the final day.
Over the years, Ajax CT produced only a few players that have gone on to ply their trade for Amsterdam, including the likes of Benni McCarthy, Thulani Serero and Steven Pienaar.
The Dutch’s side statement released on Monday evening reads as follows:
“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.
“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.”
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By FARPost Reporter