Your entire board of administrators at Juventus, together with president Andrea Agnelli, have resigned.
The collective resignation comes after Juventus’ monetary statements underwent scrutiny by prosecutors and Italian market regulator Consob in latest months for alleged false accounting and market manipulation. The corporate has denied any wrongdoing.
Moreover, Juventus revealed an annual lack of £220m for final season – a record-breaking charge within the historical past of the membership.
A Juventus assertion learn: “The Board of Administrators, contemplating the main focus and relevance of the pending authorized and technical-accounting points, have deemed it in the most effective curiosity to suggest that Juventus undertake a brand new Board of Administrators to take care of these points.”
Alongside Agnelli, vice-president Pavel Nedved has provided his resignation as has chief govt Maurizio Arrivabene – however Juventus have requested the latter to stay in his place to transition over to the subsequent board of administrators.
Board members Laurence Debroux, Massimo Della Ragione, Katryn Fink, Daniela Marilungo, Francesco Roncaglio, Giorgio Tacchia and Suzanne Keywood have additionally stepped down.
President Agnelli has been on the Juventus helm since 2010 and was one of many fundamental figures in organising the European Tremendous League which didn’t take form final yr, appearing as vice-chairman of the division.
Juventus, beneath Agnelli’s stewardship, are nonetheless signed as much as the breakaway league together with Barcelona and Actual Madrid, regardless of the opposite 9 European golf equipment rapidly stepping away from the venture resulting from backlash from the soccer neighborhood.
To take up the European Tremendous League vice-chairman position, Agnelli needed to resign from his executive-level positions within the European Membership Affiliation and the UEFA committee.
In Agnelli’s reign, Juventus grew to become one of many powerhouses of European soccer by dominating the Italian leagues. Juventus received 9 Serie A titles in a row till 2019-20.
Nonetheless, Juventus have fallen off their perch in latest seasons, with Inter and AC Milan successful the final two Serie A titles respectively.
Juventus are at present third within the Serie A desk, 10 factors behind leaders Napoli, and are at present managed by Massimiliano Allegri – who Agnelli let go in 2019 solely to rehire him 18 months later.
Juventus had been additionally knocked out of the Champions League group phases earlier this month and dropped into the Europa League – an additional blow to their monetary standing.