Cape Town Stars have bought out Ajax Amsterdam’s shares in the club that operates under the name Ajax Cape Town, Felele247.com.ng understands.
The Mother City club narrowly missed out on promotion to the Premier Soccer League last term and as things stand will be competing in the National First Division next season.
Ajax Amsterdam end 21-year association with Cape Town
The buyout does suggest however that Cape Town Stars owners are keen to see the club return to the top-flight by other means.
,Cape Town Stars, the South African minority shareholder of Ajax Cape Town has reached an agreement to take control of the franchise,” a statement from the club reads.
“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 are likely to lose most of their top players if the club doesn’t acquire a PSL status. They have already lost Grant Margeman who is going to Mamelodi Sundowns. Thabo Mosadi has also left the club. More are likely to leave if Ajax don’t get the PSL status.”