Dutch giants Ajax Amsterdam have cut their ties with feeder team NFD side Ajax Cape Town.
In a statement released on Monday evening, the Urban Warriors said Cape Town Stars, who own 49 per cent of the shares, will take control of the franchise effective from October 1.
This means Ajax Cape Town will likely be renamed ahead of the 2020-21 season.
"Cape Town Stars, the South African minority shareholder of Ajax Cape Town has reached an agreement to take control of the franchise," reads the statement.
"Cape Town Stars, the 49% shareholder of Ajax Cape Town, is pleased to announce that they have reached an agreement to acquire the 51% share of the GladAfrica Championship franchise from Ajax Amsterdam with effect from 1 October.