x
x
x
x

Tue, November 29, 2022

Entire Juventus board resigns amidst police investigation

Entire Juventus board resigns amidst police investigation

The entire board of Juventus, including President Andrea Agnelli and Pavel Nedved, have resigned amidst an ongoing police investigation into the clubs finances. 

The clubs financial statements have been investigated by Italian prosecutors for alleged false accounting and market manipulation, although the club has denied any wrongdoing. President Agnelli and vice-President and former player Pavel Nedved are amongst those under investigation. 

A statement said the board would be stepping down “having considered the centrality and relevance of pending legal and accounting issues. The 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.” 

In a letter, seen by Reuters, Agnelli says to staff “ When the team is not cohesive it becomes vulnerable and that can be fatal. This is when you need to keep calm and contain damages: the company is going through a delicate phase and we're no longer cohesive. Better to quit all together, giving the chance to a new team to turn the game around.”

Juventus finished fourth last season and recorded a £220million loss which is a record loss in Italian football. Maurizio Arrivabene will remain as CEO with Maurizio Scanavino being appointed general manager, a shareholder meeting will take place on 18th January 2023 to appoint a new board. 

Share

Recent News Articles

Fri, February 03, 2023

Three former US snowboarders have filed a lawsuit alleging sexual abuse by ex-coach Peter Foley

U.S. Ski and Snowboard and the United States Olympic and Paralympic Committee are also named in the suit

Read More

Wed, February 01, 2023

Russian Chess Federation to leave European Chess Union for Asian Chess Federation

The Chess Federation of Russia (FCR) is set to change its continental body from the European Chess Union (ECU) to the Asian Chess Federation (ACF) following war with Ukraine. 

Read More

Tue, January 31, 2023

Scholars call on Trudeau to launch independent inquiry into sports in Canada

Canadian and international scholars have written a letter to Canadian Prime Minister Justin Trudeau calling for an independent inquiry into sports in Canada. 

Read More