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The entire Juventus board resigns from Serie A club

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© Ace Football

The Serie A club announced the resignation of all board members following an investigation on Monday evening.

Italian football club Juventus have announced that the entire board, including President Andrea Agnelli, have resigned.

Juventus, who finished fourth in Serie A last season, made a record loss of €254.3 million (£220m) in Italy. Last November, Italian police launched an investigation into the club’s transfers, which Juventus said had their cooperation.

Agnelli and vice-president Pavel Nedved, who will also vacate Juve, were among those under investigation. The inquiry itself concerns the ‘revenues from player registration rights’ between 2019 and 2021.

According to a statement from Juventus, the board resigned ‘having considered the centrality and relevance of pending legal and accounting issues’. It also called for an entirely new management team to address the club’s issues.

Maurizio Arrivabene will remain in his role as managing director for an interim period while a new board of directors is formed.

Juventus are under investigation for allegations of false accounting information to investors, producing invoices for non-existent transactions, and other fraudulent acts. The team has denied any wrongdoing.

A new board for Juventus is set to be appointed on January 18, 2023, in Turin.