Ajax may award the managing director a maximum of 125,000 euros in bonuses in addition to his fixed salary (750,000 euros). The bonus is based on the achievement of targets. The financial target was not met in 2025/26, but the plans relating to leadership and culture were realised. In addition, the supervisory board determined that the sporting target had been partially achieved. Geelen was therefore entitled to a large portion of the maximum bonus. He chose to waive this on his own initiative, as stated in the annual report. Last season, Ajax finished fifth in the Eredivisie, came 32nd in the group stage of the Champions League, and had three managers in charge of the team during the season. It is against this backdrop that his decision to decline the bonus should be viewed. ‘The agreed personal and organisational targets have been met,’ Geelen said when asked. ‘But I felt that, for last season, this did not outweigh the very disappointing sporting results and the changes in the board and coaching staff that took place under my ultimate responsibility.’ Ajax ultimately made a profit of two million. An operating deficit was offset by transfer profits, which were mainly due to the sales of Jorrel Hato, Brian Brobbey and Kenneth Taylor.   submitted by   /u/Roller95 [link]   [comments]