Al-Borouj Misr unveils EGP 60bn investment plan with four major projects in 2025    Egypt approves Property ID Law to enhance real estate governance, transparency    IMKAN Misr increases investments to EGP 2.56bn to drive expansion in Egyptian market    India suspends all Pakistani imports indefinitely    OPEC+ may end 2.2m bpd cuts    EGP up against USD at Sunday's close    White House to cut NASA budget    Egypt's UHIA launches 1st electronic medical pricing system    Egypt, S. Arabia ink deal to tackle common health challenges    Egypt's c. bank offers EGP 10b T-bonds fixed coupon    Israeli escalation in Gaza amid warnings of humanitarian collapse    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Egypt's PM attends Gabon president's inauguration after election win    Egypt's Abdelatty, US Advisor Boulos hold call on Africa, Middle East stability    EU ambassador commends Aswan's public healthcare during official visit    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Taiwan GDP surges on tech demand    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Ajax spending spree signals new intent
Published in Ahram Online on 22 - 07 - 2018

Ajax Amsterdam have spent heavily in the close season, overturning a decade-long transfer policy and making a bold statement of intent ahead of the Champions League's early stages.
Ajax have spent 41 million euros ($48 million) so far, including 16 million on Daley Blind, 28, from Manchester United and 11.4 million on Serbia international Dusan Tadic, 29, from Southampton.
Their total outlay is 10 million euros more than their previous record spend in 2008 and signals a new course for a club better known for producing their own talent and then selling them on.
The club, who won three straight European Cups in the early 1970s and the Champions League in 1995, are talking of restoring old glory. “We need to become the Bayern Munich of our league,” said Marc Overmars, the club's powerful technical director.
The German giants have dominated the Bundesliga both from a sporting and financial perspective and like Ajax have a legacy in European club competition.
Ajax, however, are no longer in the same bracket as Bayern.
The Netherlands' most successful club host Sturm Graz of Austria on Wednesday in the first leg of a Champions League second preliminary round tie.
Being forced to play in the early stages of the competition is a far cry from their halcyon days.
Last year they were eliminated at the first hurdle by French club Nice.
Yet Ajax, who last won the Dutch league title in 2014, are determined to change their fortunes, with the purchase of Blind and Tadic designed to provide leadership.
“I have made the analysis that this young squad needs driving forces on the field. With players who have Premier League experience, that process gets an enormous impulse,” said coach Erik ten Hag.
The policy of promoting young players from their own academy remains central to the club, the coach added, but "Tadic and Blind can provide more stimulus and they can lift these young players to a higher level."
"Our own youth remains the most important and self-produced players must be given a chance," said Overmars, who played in the side that won the Champions League 23 years ago.
Ajax have been selling their best talent for years, effectively foregoing the chance to be competitive in Europe.
Yet now they are looking to hold on to young players like Frenkie de Jong, Matthijs de Ligt and Donny van de Beek, who are much sought after.
Ajax did sell the 19-year-old Justin Kluivert to AS Roma for 17.5 million euros, but he is the only significant departure in the off-season.
(For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.)


Clic here to read the story from its source.