In a stunning development, the entire board of directors of Juventus, including president Andrea Agnelli, his deputy Pavel Nedved and CEO Maurizio Arrivabene, have resigned.
The chief has been asked to stay in charge by the organ and will handle the transition to the new management. It will be hand-picked by John Elkann, who chairs Exor, the holding that controls the club. Giuseppe Scanavino, who comes from the publishing group Gedi, has been named the new general manager. Sporting director Federico Cherubini and his collaborators aren’t involved in the decision.
Councilors Laurence Deborux, Massimo Della Ragione, Katryn Fink, Daniele Marilungo, Francesco Roncaglio, Giorgio Tacchia, and Suzanne Keywood have also stepped down, Sky Sport informs. According to La Gazzetta dello Sport, the decision stems from the inquiry into the club’s finances.
Juventus postponed the formal compilation of their balance sheets twice to comply with the orders of the CONSOB, the authority that monitors listed companies, following the accusations of accounting fraud and false communications. The local district attorney’s office had even asked to arrest Agnelli, although the preliminary investigation judge denied the request about a month ago. The team has been cleared on the sports side, but the trial will likely take a few years.
The president has been at the helm for 12 years, leading one of the most successful eras of the club. The Bianconeri took home a record-breaking nine titles in a row while he was at the helm. They also reached the Champions League final twice.
The chairman looked poised to be replaced after the Super League fiasco, with his cousin and Comau head Alessandro Nasi substituting him. Juventus will hold their next meeting on the board on January 18th.
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