According to the Urban Warriors, the 51 per cent owned by the Dutch giants have been sold to Cape Town Stars
Dutch giants Ajax Amsterdam have cut their ties with feeder team NFD side Ajax Cape Town.
In a statement released on Monday evening, the Urban Warriors said Cape Town Stars, who own 49 per cent of the shares, will take control of the franchise effective from October 1.
This means Ajax Cape Town will likely be renamed ahead of the 2020-21 season.
“Cape Town Stars, the South African minority shareholder of Ajax Cape Town has reached an agreement to take control of the franchise,” reads the 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 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.”
Ajax’s decision to sell their share of 51 per cent stems from a long battle with Urban Warriors chairman Ari Efstathiou.
More to follow…