Juventus chairman Agnelli and entire board abruptly resign

Juventus chairman Andrea Agnelli and the entirety of the club's board have resigned abruptly, it has been confirmed.

The Bianconeri will see a major shakeup in management after confirmation that a shareholders' meeting scheduled for last week has been postponed to next month.

Alongside Agnelli, who has been in charge of the club since 2010, vice-president Pavel Nedved and managing director Maurizio Arrivabene are also among those who have quit.

Arrivabene will remain as the club's chief executive officer to oversee the introduction of a new board, which will be confirmed in January.

The collective resignation comes after Juventus' financial statements underwent scrutiny by prosecutors and Italian market regulator Consob in recent months for alleged false accounting and market manipulation. They have denied any wrongdoing.

In a statement from the club, Juventus confirmed the board's decision to resign had come in the wake of advice following the issues raised by Consob, and auditor Deloitte.

"The members of the Board of Directors, considering the centrality and relevance of the pending legal and technical-accounting issues, have deemed it in the best social interest to recommend that Juventus adopt a new Board of Directors to address these issues," it read.

"To this end, on the proposal of the chairman Andrea Agnelli... all the members of the Board of Directors present at the meeting declared that they resigned from their office.

"The Board has requested Maurizio Arrivabene to maintain the position of Chief Executive Officer."

The announcement seemingly ends a decades-long relationship with the club for Agnelli, who was the fourth member of his family to serve as chairman.

Juventus are currently third in Serie A, but missed out on progressing to the knockout round of the Champions League, instead dropping into the Europa League this season.

Alessandro Del Piero is open to helping Juventus as the Serie A giants begin their search for a chairman to replace Andrea Agnelli and an entire new board.

Juve announced after an emergency meeting on Monday that Agnelli, vice-president Pavel Nedved and managing director Maurizio Arrivabene have all quit their roles.

It comes amid an investigation into alleged tax fraud, which Juventus have denied, and on the back of the club registering a record loss of €254.3million for 2021-22. 

Exor, who have a controlling stake in Juve, indicated on Tuesday that Gianluca Ferrero is in line to replace Agnelli as president.

Any decision over who succeeds Agnelli, Nedved and Arrivabene is expected to be made at a shareholders' meeting on January 18.

In what is another difficult period for the Turin side off the pitch, club legend Del Piero has indicated he is ready to aid Juve in any way possible – just as he did as a player.

“You're asking the question to someone like me that spent almost 20 years there," Del Piero, who spent nine years with the Bianconeri, told beIN SPORTS. 

"I got relegated with the team and I decided to stay so the relationships with me and the team, with the owners, the fans, are quite deep, very deep.

"We've been through everything to reach the top of the world and the bottom point in the club's entire history. This great journey brought me here with you. 

"It's something where every news regarding Juve is emotional for me and I'm going to stand by and see what's going to happen.

"I was with them this summer for the tour they did in Los Angeles where I lived, and also in Lisbon. I'm friends with Pavel and everybody. It's sad for me seeing this situation."
  
Del Piero added: "I don't know the plan; nobody has called me. I don't know what's going to happen, but I know very well all that's happened. I still have a house in the city..."

Juve were stripped of titles and relegated to Serie B in the 2006-07 campaign over the 'Calciopoli' scandal, but Del Piero does not expect any such punishments this time around.

"This is not regarding the team; it's not going to affect the team in terms of relegation or other things," he said. 

"It's going to affect the people because it's allegations ongoing about the people, not only the president but the other board members. This will affect them if there's proof."


Mugisha Eric

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