Explained Why Did The Board Of Directors Of Juventus FC Resign All Together

Explained Why Did The Board Of Directors Of Juventus FC Resign All Together

On Monday, all of the board members of Juventus FC decided to resign at the same time

Andrea Agnelli, who was president, and Pavel Nedved, who was vice president, are both on the list of people who quit.

According to Sportstar, the resignation comes after a year-long investigation in Turin into claims of “false accounting and irregularities.”

Why Did The Board Of Directors Of Juventus FC Resign All Together

What Did The Investigation Reveal About The Accounting Irregularities Of Juventus FC?

The investigation reportedly started after the big teams in Serie A agreed to cut the players’ pay during the corona period. The prosecution says that the players were asked to give up 4 months’ worth of pay, but they only had to give up less than that. They say that Juventus paid the rest of the players’ wages in black and made a profit from the white transactions.

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CONSOB, the government agency in charge of regulating the Italian securities market, asked the club for details about the accounts. Most people think this is what led to the recent mass resignations.

The results of the prosecution would reportedly be given to the FIGC, which is the Italian football federation. Depending on the nature and severity of the crime, the FIGC could then take action, such as banning a club.

What Did The Juventus FC Board Say About The Collective Resignation?

According to a statement released by Juventus on Monday. The board of directors quit after thinking about how important and important pending legal and accounting issues were. It went on to say that “they thought it was in the best interest of society to recommend that Juventus get a new board of directors to deal with these issues,” as reported by Sportstar.

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Andrea Agnelli has left his position as president of the club, which he held for 12 years. Pavel Nedved, a former player and vice president, has also left his job after 7 years. The team’s new general manager is Maurizio Scanavino.

The club’s managing director, Maurizio Arrivabene, who came from the Formula One team Scuderia Ferrari, will keep his job for the time being.

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