Finance Notes: Ajax Amsterdam Reports Profit of More Than $24M For '12-13 Season
Dutch champions Ajax Amsterdam announced a profit of €18.2M ($24.58M) for the '12-13 financial year on Thursday, "attributing it to the sale of leading players." It is a considerable increase on the profit of €8.5M one year earlier, and the club said in a statement that it "expected a larger profit in the next financial period particularly with participation in the Champions League and further player sales" (REUTERS, 9/26). ... Cypriot football "has been hit by the financial tsunami which has hit the island as the Ministry of Finance is expected to file charges against clubs' non-payment of taxes." Separately the board of the CFA Championship "has decided to cut the league to 12 teams from the current 14." Charges "were expected against four first division clubs for failing to pay value added tax (sales tax)" of up to €4M, dating back to '07 (INSIDE WORLD FOOTBALL, 9/26).