Juve-Aus after investigation
“Juventus has priority over everything and everyone and now we have to protect the interests of the club.” With these words Andrea Agnelli accompanied the shareholders’ meeting of the Bianconeri on Tuesday, his last as president. “It wasn’t easy leaving this post, but I’ve always worked hard to get results,” added the 47-year-old, who resigned after more than 12 years following a formal investigation into Italy’s record champions.
With the approval of the annual accounts on December 27, Agnelli’s era at Juventus ended. The alleged reason for the resignation is possible breaches of club licensing and financial fair play regulations. At the beginning of December, the club’s board of directors, headed by Agnelli, resigned from their posts and responded to the club’s financial difficulties and public prosecutor’s investigations into possible accounting fraud. In September, Juve reported a record loss of 254.4 million euros for the previous season, on Tuesday the club improved the figures to a minus of 238 million euros. The Turin public prosecutor’s office is leading 16 suspects – including Agnelli, his deputy Pavel Nedved and managing director Maurizio Arrivabene – and accuses them of accounting fraud and share manipulation.
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“I firmly believe that I have done a good job and we are comforted by the opinion of professionals and independent experts who have certified the full correctness of the work of our Board of Directors,” continued Agnelli. Under his leadership, the club set the record for most consecutive championships (nine), won their tenth Coppa Italia (four others followed) and set the record for most Italian Super Cups won (nine, including five under his aegis). Achievements achieved thanks to the acquisitions of many top players, most notably that of Cristiano Ronaldo in the summer of 2018 for €117m, which to date remains the most expensive transfer in Serie A history.
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Agnelli and Co. are now on the Juventus board of directors, followed by Fioranna Vittoria Negri, expert in auditing and financial statements, Maurizio Scanavino, the new general manager, and Diego Pistone, Laura Cappiello and Gianluca Ferrero, who has been chosen by John Elkann as future chairman and organizer. Elkann, Agnelli’s cousin, is the head of European car giant Stellantis, Ferrari and the family-owned investment company Exor.
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