Mueez Ajao
– The entire board of Italian club Juventus, including president Andrea Agnelli, have resigned.
– The Serie A club finished fourth in the league last season and made a €254.3m (£220m) loss – a record in Italy.
– Last November, Juventus said they were co-operating with police after an investigation was launched into the club’s transfers.
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– The investigation concerned “revenues from player registration rights” between 2019 and 2021.
– Agnelli and vice-president Pavel Nedved, who is also stepping down, were among those under investigation.
– The board have stepped down en masse “having considered the centrality and relevance of pending legal and accounting issues”, said a statement.
Draft Separate Financial Statements And Consolidated Financial Statements As Of 30 June 2022 | Renewal Of The Board Of Directors.https://t.co/GNFRXdcVkv pic.twitter.com/jpmuVVlZvo
— JuventusFC (@juventusfcen) November 28, 2022
– The outgoing board “considered to be in the best social interest to recommend that Juventus equip itself with a new board of directors to address these issues,” the statement added.
– Managing director Maurizio Arrivabene will remain in his role for an interim period while a new board is brought together.
– Juve, who are listed on the Italian stock exchange, are being investigated for allegations of presenting false accounting information to investors and producing invoices for non-existent transactions.
– Other clubs are also the subject of a parallel investigation which was launched by the Italian Football Federation (FIGC) in October.
– Agnelli was one of the chief architects of the breakaway plans to form the European Super League in 2021.
