Cape Town Stars (Pty) Ltd signed an agreement to acquire remaining 51% stake in Ajax Cape Town from AFC Ajax NV (ENXTAM:AJAX) on September 28, 2020. Cape Town Stars (Pty) Ltd launched an official application with the Premier Soccer League (PSL) to rename Ajax Cape Town. Cape Town Stars (Pty) Ltd intent to adopt the Cape Town Spurs name. Completion is scheduled to take place on or before October 1, 2020.