CNN
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The whole board of administrators of Juventus, together with the membership’s President Andrea Agnelli and CEO Maurizio Arrivabene, has resigned over costs of false accounting, a press release from the Italian soccer membership mentioned Monday.
The choice to collectively resign got here after a rare assembly was held Monday after “new authorized and accounting opinions” from unbiased consultants have been obtained, the assertion mentioned.
The Serie A staff’s monetary statements underwent scrutiny by prosecutors and Italian market regulator Consob in latest months for alleged false accounting and market manipulation. The corporate has denied any wrongdoing.
Upon the proposal of Agnelli, the board agreed that it was in the very best curiosity of the membership for a brand new board to take over at Juventus.
Agnelli’s decade overseeing an unprecedented interval of dominance on the Allianz Enviornment – together with a nine-year run of Serie A titles – has now come to an finish because of this.
In its last assembly, the board appointed Maurizio Scanavino as Basic Supervisor till a brand new board of administrators shall be confirmed in a gathering scheduled for January 18.
Nicknamed La Vecchia Signora – The Previous Girl – Juve posted losses of €254.3 million ($256.95 million) for 2021/22, the biggest recorded loss in Serie A historical past.
Juve is third in Serie A – 10 factors behind chief Napoli – however didn’t qualify for the Champions League knockout phases.
