Juventus Board Of Directors Resigns

By Chimezie Nebolisa

Italian Seria A side through a statement have announced the resignation of the entire board of directors including presidentAndrea Agnelli and vice president Pavel Nedved.

The board had sought independent legal advice over an ongoing investigation by prosecutors in Turin into allegations of false accounting and irregularities in the transfer and loans of players.

It resigned over "new legal and accounting opinions" from experts, and given "the centrality and the relevance of the pending legal and technical/accounting matters", the statement read.

The exodus marks the end of a chapter for Agnelli, who as chairman saw Juventus win nine-straight Serie A titles as well as reach the 2015 and 2017 Champions League finals.

The Turin-based club are being probed over €282 million of capital gains – the positive difference between purchase and sale values net of amortisation and write-downs – from a series of player transfers booked in their financial results for 2019, 2020 and 2021.