The crisis at Juventus has reached its peak. The entire board of directors of the Italian top club resigned on Monday.
Until recently, Chairman Andrea Agnelli led the board, which also included Vice Chairman Pavel Nedved and CEO Maurizio Arrivabene and seven others. Sky Italia and La Gazzetta dello Sport, among others, attribute the rigorous decision to Prisma, the investigation into forgery and fraud. The Turin court suspects Juve of having cheated with its accounts in the years 2019, 2020 and 2021.
The crisis at Juventus has reached its peak with investigation of forgery and fraud
The name of Juventus has been floating around in the investigation for a long time. The CONSOB, the Italian body in charge of supervising stock exchange activities, recently asked for clarification on the club’s financial balance sheet. The shareholders’ meeting was subsequently moved from November 23 to December 27. An emergency meeting followed on Monday in Continassa, where the board of directors announced that it was resigning.
Agnelli has been chairman of the illustrious club since 2010, which has won nine national titles in a row under his reign. Juve twice qualified for the final battle of the Champions League, but both finals were lost. In a statement on the club site, Juve reports that Maurizio Scanavino has been appointed as the new general manager.
Agnelli does not point to this case as the reason for the departure. “If the team is no longer united, it gives opponents the chance to hurt you and that can be fatal,” the outgoing president writes to Juventus staff. “At that moment you have to be sharp of mind to limit the damage. We are facing a delicate moment as a club and the unity is gone. It’s better to go together to give a new team the chance to turn the game around.”
The administrative earthquake in Turin also has consequences for the club’s plans in the transfer market. Since the new club management will not take office before January 18. No major decisions can be made regarding transfers until then.
