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Comitis brothers leave Ajax after feud

Comitis brothers sell shares in Ajax Cape Town after feud with Efstathiou family

Posted: 2 July 2013 Time: 8:42 am

After a persistent family feud threatened to bring down Ajax Cape Town recently, CEO George and Honorary Life Chairman John Comitis have decided to sell their shares in the club.

Ajax was formed in 1999 by Rob Moore and John Comitis with the amalgamation of two Cape Town-based teams, Seven Stars and Cape Town Spurs, at a time when AFC Ajax expanded their worldwide talent-feeder network to South Africa.

Over the past season the club has borne the brunt of feuding between the Comitis and the Efstathiou families who own Cape Town Stars, the company that holds 49 percent of Ajax Cape Town, in conjunction with 51 percent majority shareholder, Ajax Amsterdam.

After stepping down as CEO in 2009, John Comitis was appointed honorary life chairman of the club by former Ajax Amsterdam CEO Rik van den Boog in May 2011, but the appointment was marred by a power struggle involving the Comitis brothers and the three Efstathiou brothers, Ari, Alex and Nick. 

Rumours that the club would be liquidated were circulating last November, before an “outraged” statement from Ajax Amsterdam insisting the majority shareholder would “not permit liquidation”.

Early this morning the Comitis brothers sent out a joint press release announcing that they will sell their shares in the club.

“After a very tough season, where we fought hard until the end against the possibility of relegation, and successfully saved our PSL status for next season, one of the families had to take a positive step in putting their personal interests aside for the good of the club. We therefore decided to offer to sell our shares or to buy the shares held by the Efstathiou brothers, at the option of the Efstathious, at the same price, which was to us the only fair way to do it.”

With Santos being relegated in 2012, and Chippa United going straight back down to the First Division this season, the Comitises say Cape Town cannot afford in-fighting in its last remaining top flight club.

“Cape Town could not afford to lose its last PSL club and we could not allow family feuding to ruin Ajax CT and the relationship with Ajax Amsterdam, which we have nurtured and developed for over 12 years, since putting the deal together which brought Ajax to South Africa in the first place.

“The Efstathious have elected to accept our offer to sell our shares, rather than our offer to buy their shares, and we are happy either way that Ajax Cape Town is the winner, with the guidance of Ajax Amsterdam to count on. Our first prize was to remain on, but unless we took this bold step to make this offer, the wrangling would only have continued to harm the club into next season and beyond.

“With Muhsin [Ertugral] at the helm and the contacts we have already initiated during the off season for the strengthening of the squad, and which we willingly pass over to the new administration, we have every confidence that the club will bounce back and have a successful season.”

The brothers conclude: “We would like to thank all the fans personally for embracing us over the years, the football fraternity for supporting us, our loyal staff and every player that has worn the Ajax jersey over the last decade.

“We salute you.

“We would also like to thank Ajax Amsterdam for what has been an amazing decade of enjoyable success. The Ajax brand has changed the landscape of South African football.

“The good times and victories we have experienced at Ajax CT, including the brilliant youth that has emerged through our academy over the years, have far surpassed our expectations.”

Previous comments on this story...

maphanga
posted: 08:44 am
they must Chippa from Mpengesi
DTC Spiritual Owner AKA Jomo Sono
posted: 08:53 am
Eventually sanity have prevailed. When the business partners relationship has irrevocable able broken down one partner has to sell the shares. Pity the selling partner is the Comities in this regard, and the team is left with the less known Efstathiou. I foresee the Comities family bouncing back very soon. I am scared for the survival of Ajax going forward
Sir eeemzaa-walikhosi
posted: 08:54 am
How much are they selling that 49% shares??

I'm sure that 49% shares of Ajax is 30% of Pierats Net-worth and 3% of Chiefs Net-worth! Remermber that :

Chiefs is a Big team
Pierats is an Old team, that's it.

K4L : let's hear
mkhumbi
posted: 08:55 am
Sad news for SA soccer,but I gues we will have to see what the other family will do,does that mean loosing the seat on the executive comitee of PSL Mr Commitis ?
@Bongz
posted: 08:57 am
these guys were good for football, hopefully they will buy FFS and move it to CPT
deezle15
posted: 08:58 am
When is toothless one going to leave monkeyfair and go look for his missing tooth in tahiti?
KingMay
posted: 09:08 am
Some people are stupid; they simply decide to put Pirates and Chiefs in this matter!
Khosimathebula
posted: 09:09 am
I feel sorry for the people of Cape town because it means the team will be lost in the near future. It also means John will lose his Executive seat and mark my work the other family won't be chosen for that seat.
Emnyama Ngenkani
posted: 09:11 am
This cannot be good for our football, Committis have been good servant of the beautiful game in SA, but let hope they have something big rolled uo in their sleeves, maybe buying Santos or Chippa.

I doubt Muhsin will have a good relationship with other family sicne he was brought to Ajax by the Committis, let see what happens but I see Ajax going down next season and Ajax Amsterdam withdrawing their support.
Mriyo (B2B Trebble Champs not a fluke double)
posted: 09:29 am
Sir eeemzaa-walikhosi
posted: 08:54 am | Report
How much are they selling that 49% shares??

I'm sure that 49% shares of Ajax is 30% of Pierats Net-worth and 3% of Chiefs Net-worth! Remermber that :

Chiefs is a Big team
Pierats is an Old team, that's it.

K4L : let's hear
----------------------------------------------------
Do u know the meaning of the term "impatha"?
Mrango
posted: 09:30 am
VasCo Da Gama is for sale....????
Bee27
posted: 09:30 am
@eeemeza wrote.. How much are they selling that 49% shares??

I'm sure that 49% shares of Ajax is 30% of Pierats Net-worth and 3% of Chiefs Net-worth! Remermber that :

Chiefs is a Big team
Pierats is an Old team, that's it.

K4L : let's hear ...............................................I guess maths was neva ur thing at school so stop talking #### abt Pirates and focus on ur #### team that's been run by the guptas nxaa
The CV Chef MUST Die
posted: 09:34 am
KC fans are loud, very loud Nxx!!
Marop wa le Downs
posted: 09:37 am
Its soo sad that we have batho ba sa hlalefang on this forum.
Khosi32
posted: 09:55 am
“The Efstathious have elected to accept our offer to sell our shares, rather than our offer to buy their shares, .......who are these people?its a sad day for WESTERN CAPE football the last hope they had is going to the DOGS.Pity our national teams will suffer in the process.SMH
Sir eeemzaa-walikhosi
posted: 10:03 am
Bee27posted: 09:30 am  |  Report
@eeemeza wrote.. How much are they selling that 49% shares??

I'm sure that 49% shares of Ajax is 30% of Pierats Net-worth and 3% of Chiefs Net-worth! Remermber that :

Chiefs is a Big team
Pierats is an Old team, that's it.

K4L : let's hear ...............................................I guess maths was neva ur thing at school so stop talking #### abt Pirates and focus on ur #### team that's been run by the guptas nxaa
#########################

Owk boss if my team is run By de rich Guptas then Pierats must be run by de poor jacob Zuma

I don't have tym for small boyz like u lightie

K4L : let's hear
Sports Lover
posted: 10:06 am
On every article Kickoff posts on this website, there is always a bold line at the bottom that reads

YOUR COMMENTS ON THIS STORY...

How some people end up talking rubbish on IRRELEVANT ISSUES, IT'S DISTURBING AND DOWNRIGHT CHILDISH.

I hope the remaining family will run the club professionally for the benefit of SA football
Mr Sports Man
posted: 10:15 am
SAD
Mr Khuks
posted: 10:28 am
Comitis brothers should buy Chippa United coz Mpengesi has failed. He came to PSL to make a record of firing many coaches in one season. That is Mpengesi's negative record
Mriyo (B2B Trebble Champs not a fluke double)
posted: 10:41 am
Kaizer Chiefs' proposed trip to Italy has fallen through, it looks like the Amakhosi will have preseason in Nelspruit instead.
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Lets talk about being broke now Zebras lol
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