Great wave of resignation within the board of directors of Juventus Turin.
All of the members of Juventus Turin’s board of directors, including its president Andrea Agnelli, have tendered their resignation, the Italian club announced in a press release on Monday evening.
The general manager, Maurizio Arrivabene, has been asked to stay in place and to expedite current affairs until a new council is formed, specifies the club. The next general meeting is scheduled for January 18.
The council, which includes Andrea Agnelli and its vice-president Pavel Nedved, resigned in “considering the centrality and relevance of the outstanding legal and technical-accounting issues“, an allusion to the investigation that the Italian justice has been carrying out for more than a year.
The Turin public prosecutor’s office is interested in the practice, which Juve has multiplied, of “fake trades» of players: cross-selling with other clubs, without exchanging money but allowing capital gains to be recorded in the balance sheets.
The magistrates quantified these capital gains “fictitiousto some 155 million euros between 2018 and 2021, according to the media.
The club, listed on the stock exchange, would also have hidden from its investors the existence of private agreements with players, including Portuguese star striker Cristiano Ronaldo, to settle certain deferred salaries.
Added to these legal setbacks are financial problems. There “Old lady“Was eliminated from the group stages of the Champions League, a premature exit which will cause a shortfall of some 20 million euros, according to the Calcio e Finanza site.
The club, in the red for the past five years, recorded losses of EUR 255 million last season: a record deficit in Italian football.
