Entire Juventus board of directors resigns

The entire board of directors at Juventus has resigned, including president Andrea Agnelli and vice president Pavel Nedved, the Italian Serie A club said in a statement on Monday.

The board had sought independent legal advice over an ongoing investigation by prosecutors in Turin into allegations of false accounting and irregularities in the transfer and loans of players.

It resigned over "new legal and accounting opinions" from experts, and given "the centrality and the relevance of the pending legal and technical/accounting matters", the club said.

The exodus marks the end of a chapter for Agnelli, who as chairperson saw Juventus win nine-straight Serie A titles as well as reach the 2015 and 2017 Champions League finals.

He was also a fervent support of the European Super League. Two of the clubs that also hoped to join - Manchester United and Liverpool - are now up for sale.

But he risks legal woes along with over a dozen other people in the commissions case.

Juve are being probed over €282 million of capital gains - the positive difference between purchase and sale values net of amortisation and write-downs - from a series of player transfers booked in their financial results for 2019, 2020 and 2021.

Parallel investigation

Prosecutors in Turin are investigating the possibility that Juve, who are listed on the Italian stock exchange, presented false accounting information to investors and produced invoices for non-existent transactions over that period.

The outgoing board "considered (it) to be in the best social interest to recommend that Juventus equip itself with a new Board of Directors to address these issues," the club said.

Managing director Maurizio Arrivabene was asked to stay on for an interim period while a new board