The entire board of the Italian club Juventus, chaired by Andrea Agnelli, has shockingly resigned and will not be seeking any reappointment “in the best interest of the company,” as per the latest reports by the football team itself on Monday.
This awful news of the collective resignation of the club’s top executives came after Juventus’ financial statements were revealed and received inspection from the prosecutors and the Italian market regulator Consob due to some severe allegations of false accounting and market manipulation in the past few months.
The company, obviously, has denied any sort of malpractice as such. The board of directors, as said by Juventus in their statement, had conversed the issue on hand during a meeting conducted on Monday and had concluded that it would be better addressed by a newly appointed board because of the “the relevance of the pending legal and technical/accounting matters.”
Juventus’ entire board resigns
They also attached that they would have to restate their financial statements for the fiscal year ending in June 2022.
Apparently, CEO Maurizio Arrivabene was also asked to maintain his position and was appointed as the general manager of the Italian Serie A club by the company, which is controlled by the former chairmen Andrea Agnelli’s family holding company Exor.
Reports say Juventus will solve this “delicate” matter by calling a shareholder meeting on January 18th 2023, after the FIFA World Cup ends, to appoint a new board.The entire board of the Italian club Juventus, chaired by Andrea Agnelli, has shockingly resigned and will not be seeking any reappointment “in the best interest of the company,” as per the latest reports by the football team itself on Monday.
This awful news of the collective resignation of the club’s top executives came after Juventus’ financial statements were revealed and received inspection from the prosecutors and the Italian market regulator Consob due to some severe allegations of false accounting and market manipulation in the past few months.
The company, obviously, has denied any sort of malpractice as such. The board of directors, as said by Juventus in their statement, had conversed the issue on hand during a meeting conducted on Monday and had concluded that it would be better addressed by a newly appointed board because of the “the relevance of the pending legal and technical/accounting matters.”
They also attached that they would have to restate their financial statements for the fiscal year ending in June 2022.
Apparently, CEO Maurizio Arrivabene was also asked to maintain his position and was appointed as the general manager of the Italian Serie A club by the company, which is controlled by the former chairmen Andrea Agnelli’s family holding company Exor.
Reports say Juventus will solve this “delicate” matter by calling a shareholder meeting on January 18th 2023, after the FIFA World Cup ends, to appoint a new board.
