Andrea Agnelli-led Juventus board announce resignation

Juventus’ entire board, including president Andrea Agnelli and vice president Pavel Nedved, have announced their resignation amid a financial investigation.

The Bianconeri have been under scrutiny over allegations of false accounting and market manipulation.

The investigators are said to have found out that Juventus had paid their players off the books despite the Italian giants announcing that the squad members have relinquished their salaries for four months during the pandemic.

A statement from Juventus read: “The Board of Directors’ members, given the centrality and the relevance of the pending legal and technical/accounting matters, considered in the best interest of the Company that Juventus provided itself with a new Board of Directors to address these matters.

“For this purpose, upon proposal of the Chairman Andrea Agnelli and in order to allow the decision on the renewal of the Board to be submitted to the Shareholders’ Meeting as soon as possible, all the members of the Board of Directors present at the meeting declared to forego their office.”

The Old Lady have also confirmed that they have appointed Maurizio Scanavino as their new CEO.

Juventus’s financial crisis has been laid bare following their whopping loss of £220 million for the last season – their worst-ever record in their history.

Despite being instrumental in Juventus’ success in the last decade, Agnelli became one of the most hated figures following his involvement in the European Super League.

Agnelli resigned from his chairman role at European Club Association and left UEFA Executive committee last year to become the vice chairman of the proposed breakaway league, with Real Madrid president Florentino Perez at the helm.

However, the plans collapsed after most of the clubs, who initially agreed to be part of it, withdrew after facing the wrath of the fans.