The entire board of Juventus, including the president, Andrea Agnelli, have announced their resignations. It comes after Juventus’s financial statements underwent scrutiny by prosecutors and the Italian market regulator Consob in recent months for alleged false accounting and market manipulation. The company has denied any wrongdoing.
Agnelli and Pavel Nedved, the former Juve player who is stepping down as a vice-president, were among those under investigation. The Serie A club finished fourth in the league last season and made a €254.3m (£220m) loss – a record in Italy.
A statement from Juventus said the board have stepped “having considered the centrality and relevance of pending legal and accounting issues” in reference to the ongoing police investigation.
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.
Maurizio Arrivabene will remain in his role as CEO for an interim period while a new board is brought together.
