Friday, March 29, 2024

Juventus board resigns

Date:

Share post:

The entire board of Italian club Juventus, including president Andrea Agnelli, have resigned.

The Serie A club finished fourth in the league last season and made a €254.3m (£220m) loss – a record in Italy.

Last November, Juventus said they were co-operating with police after an investigation was launched into the club’s transfers.

The investigation concerned “revenues from player registration rights” between 2019 and 2021.

Agnelli and vice-president Pavel Nedved, who is also stepping down, were among those under investigation.

The board have stepped down en masse “having considered the centrality and relevance of pending legal and accounting issues”, said a statement.

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.

Managing director Maurizio Arrivabene will remain in his role for an interim period while a new board is brought together.

Agnelli was one of the chief architects of the breakaway plans to form the European Super League in 2021.

Juve, who are listed on the Italian stock exchange, are being investigated for allegations of presenting false accounting information to investors and producing invoices for non-existent transactions.

The club has denied any wrongdoing.

Other clubs are also the subject of a parallel investigation which was launched by the Italian Football Federation (FIGC) in October.

Shareholders are set to meet again on January 18 to appoint the new board, the club said. (BBC)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

No decision yet on Lester Vaughan School

A firm decision has not yet been made regarding when the Lester Vaughan School will be reopened. Following a...

BDF to conduct simulation exercise on April 2 & 3

The Barbados Defence Force (BDF) will conduct a Mass Casualty Simulation Exercise from Tuesday, April 2, to Wednesday,...

Barbadians reminded to file taxes online as filing season starts

The Barbados Revenue Authority (the BRA) is advising that tax filing season for 2023 begins on April 1 this...

Minister Abrahams’ statement on Ismail Patel’s passing

Below is the full statement by Minister of Home Affairs and Information, Wilfred Abrahams: I was saddened to...