President Andrea Agnelli and the entire board of directors at Juventus have resigned following an extraordinary meeting at the Serie A club.
Agnelli, who was appointed chairman of the board of directors in 2010, leaves his post at the Italian giants, who are under police investigation regarding “salary manoeuvres” of the financial years between 2019 and 2021.
Juventus vice-president Pavel Nedved, a former midfielder for the club, is among those who are stepping down.
A statement from Juventus read: “Furthermore, the Board of Directors’ members, given the centrality and the relevance of the pending legal and technical/accounting matters, considered in the best interest of the Company that Juventus provided itself with a new Board of Directors to address these matters.
“For this purpose, upon proposal of the Chairman Andrea Agnelli and in order to allow the decision on the renewal of the Board to be submitted to the Shareholders’ Meeting as soon as possible, all the members of the Board of Directors present at the meeting declared to forego their office.
“For the same reasons, each of the three directors with powers (the Chairman of the Board of Directors Andrea Agnelli, the Vice Chairman Pavel Nedved and the Chief Executive Officer Maurizio Arrivabene) has considered appropriate to forego the powers granted to them.”
The decision for a mass exodus from the board was made on the proposal of president Agnelli, after the board agreed that it was in the best interest of the club for a new group of executives to take over at Juventus.
Agnelli wrote a letter to all Juventus employees in which he heralded ‘extraordinary results’ including the building of their Allianz stadium, as well as nine consecutive league titles for the men’s team and five in a row for the women’s side.
He also talked about the Champions League final appearances in Berlin and Cardiff and then observes: ‘We are facing a delicate moment in society. Better to leave everyone together, giving the possibility to a new team to overturn the game’.
His letter, sent to all employees before resigning, continued: ‘When the team is not compact it lends itself to the opponents and this can be fatal.
‘At that moment we need to have clarity and contain the damage. I will continue to imagine and work for a better football club, comforted by a phrase by Friedrich Nietzsche: “And those who saw themselves dancing were considered crazy by those who did not hear the…
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