By Victor Kanayo
In a shocking manner, the entire Board of Directors for Juventus on Monday November 28, 2022 resigned from their positions.
Those that quit the Italian giants include President Andrea Agnelli and Vice President Pavel Nedved, as well as other members.
The full board of directors also includes Laurence Debroux, Massimo Della Ragione, Katryn Fink, Daniela Marilungo, Francesco Roncaglio, Giorgio Tacchia and Suzanne Keywood, as well as Agenlli, Nedved and Arrivabene.
The mass resignation move was after a unanimous decision was made by the board at the Old Lady.
Disclosing this in a press statement on its website, the club confirmed that a shareholders’ meeting scheduled for November 23 had been moved to December 27.
The statement partly reads, “Today, Juventus Football Club S.p.A. published pro-forma financial information to comply with Consob’s Resolution dated 19 October 2022 adopted pursuant to art. 154-ter, comma 7, of Legislative Decree No. 58/1998 (“TUF”).
“In order to ensure maximum transparency and adequate time for the shareholders to examine the aforementioned information, the Board of Directors of the Company, which met today, resolved to postpone the Shareholders’ Meeting, previously scheduled for 23 November 2022, to 27 December 2022.”
On Tuesday, October 25 the club had denied any wrongdoing after allegations of false accounting and market manipulation followed an investigation into the club’s financial statements.
However, the Managing director Maurizio Arrivabene is set to remain in charge of his administrative duties despite also resigning, with the club set to fall into a significant period of transition.
2021-22 saw a year of record-breaking losses published by the Turin club, with a £220million (€254.3m) loss being registered by the Serie A giants.
The decision was made upon the proposal of president Agnelli, after the board agreed that it was in the best interest of the club for a new board to take over at Juventus.
According to various Italian media outlets, the unanimous decision comes as a result of the body’s involvement in the Prisma investigation, opened by the Turin Public Prosecutor’s Office.
According to various Italian media outlets, the unanimous decision comes as a result of the body’s involvement in the Prisma investigation, opened by the Turin Public Prosecutor’s Office.
