Ajax face liquidation threat

2012-11-13 11:04
George Comitis (File)
Johannesburg - PSL side, Ajax Cape Town, face the prospect of being liquidated as the in-fighting behind the scenes reaches its crescendo, with the relationship between the owners hitting rock bottom.

Monday afternoon the club held a full board meeting that consisted of Cape Town shareholders, the Comitis brothers and the Efstathiou family, as well as members from Ajax Amsterdam.
The meeting got off to an explosive start, which culminated in conflict and came to an end before it had really begun.
When Soccer-Laduma contacted Ari Efstathiou he confirmed that a board meeting had been organised. He said, “We had an Ajax Cape Town board meeting yesterday which once again proved to be unfruitful. We have failed in all attempts to come to an agreement or settlement with regards to the family’s assets, including the club. We have now called a board meeting of Cape Town Stars (the company that holds the 49% of Ajax Cape Town that the Efstathiou and Comitis families own) on Thursday at 10am. At that meeting we will discuss the future of Ajax Cape Town.”
The crew asked what was meant by ‘the future of Ajax Cape Town’, questioning whether liquidation was an option, to which he replied, “Yes, it is. One of the points of discussion will be the winding up or liquidating of the club.”
The long-standing feud between the two families that own 49% of the Urban Warriors has been threatening to affect the club for a while now, and this season it seems to be taking it’s toll, with results on the pitch adding further pressure to the situation.
George Comitis, Ajax’s CEO, responded to the possibility of liquidation, explaining that he would do everything in his power to stop that happening. He said, “We didn’t have a good meeting yesterday and the Efstathious walked out. I’m not aware of a Cape Town Stars directors meeting on Thursday, but I don’t get invited to them, I’m a shareholder, not a director. My brother, John, is a director of Cape Town Stars.
“The club will obviously protect its assets, which includes the people and it’s future. This club is bigger than Ari Efstathiou, we will not let it go down. I will not allow anything to tamper with the lives and livelihood of the players, the youth players, the staff and the club.”
John Comitis was also contacted by Soccer-Laduma, and did confirm that he had been notified of a Cape Town Stars board meeting on Thursday, however wouldn’t comment any further on the matter.
After 10 games, Ajax are fourth bottom of the PSL log, and their fans could now face more woe with the news that, despite the club being in a good financial state, they could be liquidated.



Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk

13 December 2015
Free State Stars v University of Pretoria, Goble Park 15:30
18 December 2015
Chippa United v Bloemfontein Celtic, Nelson Mandela Bay Stadium 20:00
19 December 2015
Golden Arrows v Polokwane City, Chatsworth Stadium 15:30
Free State Stars v Jomo Cosmos, Goble Park 15:30
Kaizer Chiefs v Wits, Cape Town Stadium 18:00
Black Aces v Ajax Cape Town, Mbombela Stadium 20:15
Team P W PTS
Previous Results

Date Home Team Result Away Team

When all is said and done in the 2015/16 Absa Premiership season, who will be crowned champions of South Africa?

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter


30 of the world's greatest golfers will be heading to the Gary Player Country Club for this year's Nedbank Golf Challenge - now in its 35th year. For all the latest news, player profiles, hole-by-hole descriptions and past winners, be sure to check out Sport24's dedicated section.

Latest blogs

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.