Juventus’ entire board resigns amidst financial investigations

The entire Juventus board has resigned, alongside the president, Andrea Agnelli, and Pavel Nedved. This comes amidst investigations of false accounting and market manipulation that the club has been under. 

Laurence Debroux, Massimo Della Ragione, Katryn Fink, Daniela Marilungo, Francesco Roncaglio, Giorgio Tacchia and Suzanne Keywood have also stepped down as part of the board. 

The entire Juventus board resigns amidst investigations 

“The Board of Directors, considering the focus and relevance of the pending legal and technical-accounting issues, have deemed it in the best interest to recommend that Juventus adopt a new Board of Directors to deal with these issues,” the official statement from the Serie A club read. 

Juventus confirmed on Tuesday morning that Turin-born Gianluca Ferrero will replace Agnelli.

“[Ferrero] has solid experience and the necessary technical skills, as well as a genuine passion for Juventus, which make him the most suitable person to hold the position,” a statement to the Stock Exchange said. 

The Bianconeri published a loss of £220 million last year, their worst record in the history of the club. Moreover, they also exited the Champions League and dropped down into the Europa League this year. 

Maurizio Scanavino will take over as general manager, as confirmed by the club. They will fill the remaining positions on a shareholder’s meeting on January 18.