The entire board of the Italian soccer record champions Juventus Turin, including President Andrea Agnelli and his deputy Pavel Nedved, has surprisingly resigned.
The club announced this on Monday. Managing director Maurizio Arrivabene, formerly team boss at the Ferrari Formula 1 racing team, is to accompany the transition until a new board is appointed.
At the end of October, the Turin public prosecutor’s office had completed the investigation into alleged accounting fraud and irregularities in player transfers against the club. 16 defendants face trial, including Agnelli, Arrivabene and Nedved.
The club, which is listed on the Milan stock exchange, is financially ailing, with Juve accumulating a loss of 254 million euros in the last financial year. Agnelli had explained the million minus with the corona pandemic.
At least in terms of sport, Juve was on the upswing, although the “old lady” missed the knockout round in the Champions League, in Serie A Turin won six games in a row before the World Cup break.