The board members of Juventus F.C. resigned en masse on Monday. The list of those who resigned includes president Andrea Agnelli and vice president Pavel Nedved.
The resignation is in the backdrop of an year-long investigation in Turin, where charges of “false accounting and irregularities” have been examined, as reported by Sportstar.
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The investigation was reportedly initiated after the Serie A giants announced pay-cut for players during the corona period with their consensus. The prosecution has alleged that while the players were asked to let go of 4 months of the wages, they had to give up lesser than that, with Juventus paying the rest in black and making profit through the white transactions.
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CONSOB, the government authority for regulating Italian securities market, asked the club for details on the accounts and this is widely believed to have triggered the mass resignations witnessed recently . The findings of the prosecution would be reportedly given to the FIGC (Italian football federation) which could then take suitable action including the ban of a club, depending on the nature and magnitude of the offense.
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As per an official statement by Juventus on Monday, the board of directors resigned ” having considered the centrality and relevance of pending legal and accounting issues”. It further added, ” (they) 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”, the statement read as reported by Sportstar.
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Andrea Agnelli, who had been president of the club for 12 years, has stepped down. Former player and vice president Pavel Nedved has also stepped down after a tenure of 7 years in the post. Maurizio Scanavino has taken over as general manager of the team.
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Managing director Maurizio Arrivabene, who came to the club after being with the Formula One team Scuderia Ferrari, will continue to be in the post for an interim period.
