Delisting 'closer than it was', says football club Ajax's CFO
Tuesday 02 October 2012
The currently healthier finances of Amsterdam football club Ajax mean a delisting could be on the cards, the club’s financial director Jeroen Slop says in Tuesday’s Financieele Dagblad.
After a few difficult years Ajax is now profitable and taking part in the Champions’s League for the third year in a row this season. In addition, the club raised €30m from selling players this year. Ajax is the only Dutch football club with a listing on the stock exchange.
'People are quick to say Ajax does not need a stock exchange listing and the profitability means a delisting is closer than it was in the past,’ Slop told the paper. ‘It is cheaper for us to borrow so the indicators are more positive than four years ago.’
However, unlike Feyenoord, which has appealed to rich supporters for financial backing, a stock exchange listing also ‘brings transparency’, Slop said.
The club needs to develop strong financial buffers because other options to obtain finance are no longer available to professional football clubs, he said.
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