Jol to stay
Martin Jol has confirmed he is to stay at Ajax - but Fulham have revealed the deal fell through after discovering an exit clause in his contract was no longer valid.
Former Tottenham boss Jol had indicated that he was ready to return to the Premier League as Ajax's financial difficulties meant star players would have to be sold but he has now said he will stay.
"Ajax told me they did not want to let me go and I don't think I can bring myself to leave Ajax at this time," he told the club's official website. "I came here last summer to be successful, to build a good team and to have fun, and those three things are what I am interested in achieving next season.
"I am pleased that this hectic few days is over. We are all going to do our best to get the team to the desired level."
He added: "I had offers from other clubs in April and May but brushed them aside, but this time my agent, Mino Raiola, held serious talks with a delegation from the British club."
Ajax chief executive Rik van den Boog told the Algemeen Dagblad newspaper: "There was a club that wanted our coach and they approached him at a time when he didn't have a lot of confidence in the squad.
"The coach answered questions about it and was flattered by the attention - that I understand - but it's impossible (for Jol to go to Fulham). He is under contract with us and his relationship with the club is good."
Fulham have confirmed Jol had agreed to move to Craven Cottage but said there is now no hope of a deal.
A statement on the Fulham website read: " On Thursday morning, following talks with Ajax, the club can confirm that it has ceased negotiations for the release of Martin Jol from his contract with the Dutch club.
"Although Fulham had agreed personal terms with Martin Jol, Ajax were not willing to allow him to leave under any circumstances, and have held him to the terms of the contract he signed last summer.
"When Fulham commenced negotiations with Martin Jol, the club was informed that an exit clause existed in his contract with Ajax. Subsequent negotiations revealed that the clause was no longer valid and Ajax's position remained steadfast in their desire to keep their manager. Therefore dialogue between the two clubs has now ended.
"Since Roy Hodgson indicated that he wanted to leave Fulham, a shortlist of potential managers was identified, and the club is committed to ensuring that the right candidate is brought on board to continue the club's progress, in the soonest timeframe possible. The chairman and CEO would also like to personally thank Ajax for their conduct throughout this very public process.
"Ray Lewington will remain in charge of all first-team matters as caretaker manager and the club would like to thank Ray, his backroom staff and all the players for their patience and professionalism ahead of the 2010-11 Barclays Premier League season."
Speaking on Thursday morning, Jol confirmed he had wanted to join Fulham but was not willing to go to court to secure the move.
"I like Fulham, I like London, I like England, so I was a bit disappointed I had to say no because the board don't want me to go under any circumstances," he told Sky Sports News.
"He (Mackintosh) was offering me a good job at a good club with good honest players. I was willing to go there but I'm on a contract.
"We spoke about it for hours. It took a long time, which was probably not good for Ajax, and I had to tell them (Fulham) I had to stay. All these problems, going to court, I don't want that."