Ajax Cape Town’s parent club Ajax Amsterdam has reported a €16.6 million profit for the financial year 2013/14. The Urban Warriors moved in the opposite direction recording a loss of €0.3 million (R4.28 million). The Dutch club holds a 51% stake in the Mother City side.
In a statement, Ajax Amsterdam reported turnover for their affiliate at R42.85 million. Of this R21.43 million was from television revenue, R14.29 million from sponsorship and the remainder from ticket sales , merchandising other income derived. Personnel expenses were R34.29 million, R8.57 million match fees and other costs amounted to R5.71 million.
The balance on fees totalled R1.43 million. The overall result was negative R4.28 million before tax. There have been rumours in the past about the parent club cutting ties with their Capetonian affiliates and it is unknown as yet how these figures will affect the relationship going forward.
On the field the picture is brighter as the Urban Warriors have enjoyed an unbeaten start to the new season. Roger De Sa’s side are second on the Absa Premiership table with four wins and two draws and trail Kaizer Chiefs by four points.