Juventus lost 254.4 million euros in the previous season alone. This makes Italian authorities curious as to whether the numbers at the Serie A club have been embellished. The management team around President Andrea Agnelli and club legend Pavel Nedved is threatened with a process – now she is resigning collectively.
The board of directors of the Italian football record champions Juventus Turin, including President Andrea Agnelli, has surprisingly resigned. The Juve bosses reacted to the club's financial difficulties, including public prosecutor's investigations into possible accounting fraud. The northern Italians announced this after an extraordinary board meeting.
Ex-professional and vice-president Pavel Nedved also resigned. Maurizio Scanavino was temporarily appointed as General Manager. "We are in a delicate situation for the club," Agnelli wrote in an email to employees, quoted by the Ansa news agency. 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.
Agnelli had led the club since 2010 and was responsible for one of the most successful eras at Juve. During that period, Turin won nine consecutive championships, four national cups and two Champions League finals. The club also moved to a new stadium under Andrea Agnelli, whose family has run Juventus for almost a century.
Recently, Juve got into violent turbulence. In September, the traditional club reported a record loss of 254.4 million euros for the previous season, Agnelli had explained the million minus with the corona pandemic. The Italian stock exchange supervisory authority then intervened, and the public prosecutor's office is also investigating the club for accounting fraud in 2018, 2019 and 2020. It is said to be about amounts of 115 million euros, which the club noted in the books from fictitious evaluations of its players . 16 defendants face trial, including Agnelli, Arrivabene and Nedved.
At least in terms of sport, Juve has recently been on the upswing, although the "old lady" missed the knockout round in the Champions League group stage behind Benfica Lisbon and Paris St. Germain and will continue to play in the Europa League next year, in in Serie A, however, Turin won six games in a row before the World Cup break and worked their way up to third place.
