Ajax Face Liquidation Threat

Soccer Laduma is reporting that Ajax Cape Town, my choice of local football club could be on the brink of liquidation, despite “being in good financial state”. The reason then? Infighting between the two families who own a 49% stake in the club:

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.”

While I note that the liquidation is only one possible option, it’s obviously the worst case scenario and therefore the one which Soccer Laduma have seized upon.

I always find it hugely disappointing when grown adults cannot see beyond their differences (petty or otherwise) and actually act in a mature, rational manner, especially when the livelihoods and passions of so many others are involved.
It would be massively disappointing for the fans, the PSL and for Cape Town if this doesn’t get – favourably – sorted out soon.