Ajax Amsterdam part ways with Ajax Cape Town

Ajax Cape Town on Monday confirmed that minority shareholders Cape Town Stars has agreed to purchase the majority shareholding held by Ajax Amsterdam.

“Cape Town Stars, the South African minority shareholder of Ajax Cape Town has reached an agreement to take control of the franchise,” Ajax said in a statement.

“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 (National First Division) franchise from Ajax Amsterdam with effect from 1 October.

“Cape Town Stars will shortly be in a position to advise on the way forward with regards to the future of the franchise.”