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Liverpool Echo
Liverpool Echo
Sport
Dave Powell

What seismic Juventus changes means for Everton's £24m Moise Kean deal

The seismic board level changes at Juventus won't impact the deal in place with Everton to sign Moise Kean on a permanent deal next summer.

On Monday the board of the Serie A giants, including president Andrea Agnelli and vice-president Pavel Nedved, all resigned from the board of the Turin club in the midst of an investigation into their financial statements by Italian prosecutors and market regulator Consob relating to alleged market manipulation of transfer fees and false accounting, allegations that Juventus deny.

The departure of Agnelli, one of the most prominent boardroom figures in European football who was a major agitator, and continues to be, for the formation of a European Super League, comes on the back of the club posting a record loss of £220m for their most recent set of financials for 2021.

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In a statement, the outgoing Juventus board stated that their departure was expedited after “new legal and accounting opinions” from independent experts were obtained, the statement adding that "having considered the centrality and relevance of pending legal and accounting issues" the board considered it to be "in the best social interest to recommend that Juventus equip itself with a new board of directors to address these issues."

Everton have a contractual agreement in place with Juventus dating back to the summer of 2021, one that relates to the signing of Italian forward Kean on loan by the Bianconeri.

Kean, having struggled for form at Everton since his much heralded arrival from Juventus for £29m in 2019, returned to Turin in 2021 on a two-year loan which included an obligation to buy for Juventus. The loan fee was set at a reported £6m while there was a £24m fee to be paid to Everton at the end of the loan deal, one that Juve were contractually bound to.

Sources have confirmed that there is no impact on the nature of that contractual obligation despite the major overhaul of the board of directors, with the Italian side set to appoint a new board by the end of January. The £24m was understood to be payable over a three-year period from the date Kean rejoined Juventus.

The only way that Everton would be materially impacted would be if Juventus as a club folded, where Everton would become just another creditor. There is no suggestion that Juventus are facing such a dire outcome and Everton are fully expecting to receive the monies that will be owed to them from the permanent exit of Kean as was agreed upon.

Kean hasn't enjoyed the best of times on his return to Juventus and there had been some suggestion that the signing of the 22-year-old for £24m from Everton would be followed by attempts to immediately move him on from the club permanently, the club seeking to recoup the outlay that they would have handed over to the Toffees.

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