Juventus‘ entire Board of Directors resigned from their positions at the Serie A club on Monday, November 28, 2022. The decisions were taken in light of ongoing investigations into the club. President Andrea Agnelli, Pavel Nedved, and CEO Maurizio Arrivabene are among those to have stepped down.
The news was reported on Monday evening and then confirmed by Juventus in a lengthy press release. In that same statement, the Bianconeri confirmed when their new board would be appointed.
When will a new Board of Directors be appointed at Juventus?
Juventus will still have to wait quite a while before confirming their new Board of Directors, with the date set for January 18, 2023.
In that same statement, the club explained that Arrivabene would remain involved until a new board had been founded.
Prior to the resignations, Juventus’ board of directors had consisted of Agnelli, Nedved, Arrivabene, Laurence Debroux, Massimo Della Ragione, Kathryn Fink, Daniela Marilungo, Francesco Roncaglio, Giorgio Tacchia and Suzanne Heywood. The club confirmed that they had all resigned.
What is happening at Juventus?
Juventus‘ entire board resigned on Monday, November 28, 2022. The decision is thought to be in relation to the fact that Juventus are being investigated for suspicious transfer activity whereby they allegedly inflated values of players for reasons of capital gains. The financial statements from 2018, 2019 and 2020 are being looked into by investigators. There may also be questions regarding allegedly deferred payments during the COVID-19 pandemic.
“Given the centrality and relevance of legal issues and technical-accounting pending, [board members] have deemed, in accordance with the best social interest, to recommend that Juventus provide a new Board of Directors to address these issues,” the Bianconeri said.
“Juventus will continue to cooperate with supervisory and industry authorities, without prejudice to the protection of its rights in relation to disputes against the financial statements and communications of the Company by CONSOB and by the Prosecutor’s Office.”