Juventus’ board of directors resigns amid financial scandal
The entire board of Serie A club Juventus, including its president Andrea Agnelli have resigned from their positions amid ongoing police investigations of their financial records.
In a statement released Monday, the board decided to step down en masse “having considered the centrality and relevance of pending legal and accounting issues” and recommended that it “considered to be in the best social interest to recommend that Juventus equip itself with a new board of directors to address these issues.”
In November 2021, the Italian giants announced they were working with the police in an ongoing investigation concerning the club’s “revenues from players” registration rights between 2019 and 2021.
Mr Agnelli and vice president Pavel Nedved are also part of those under investigation about the club’s transfers.
Both the sporting and financial aspects of Juventus have recently plummeted.
The club finished fourth in the Italian Serie last season and recorded a loss of €254.3 million (£220 million), the highest-ever loss in Italy.
According to the BBC, Juventus are also under investigation for “allegations of presenting false accounting information to investors and producing invoices for non-existent transactions.”
Meanwhile, managing director Maurizio Arrivabene will temporarily remain in charge of the club until a new board is formed.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Museum unveils memorial sculpture to immortalise Onyeama N’Eke
The National Museum of Unity, Enugu, on Wednesday unveiled a memorial sculpture and a permanent exhibition gallery in honour of Onyeama N’Eke.
Health
Kwara assembly backs malaria elimination
The Kwara House of Assembly has reaffirmed support for efforts to eradicate malaria and expand healthcare infrastructure across the state.
NationWide
Tambuwal seeks review of housing agencies, better funding for FMBN
Mr Tambuwal called for stronger funding for the Federal Mortgage Bank of Nigeria (FMBN) and a review of government housing policies.
States
Oyo Terrorists: Senate honours slain soldiers, teachers with N50 million donation
Senate president Godwill Akpabio, who gave the approval during the plenary on Wednesday, stated that each of the five bereaved families would receive N10 million.
Anti-Corruption
Ghanaian socialite fraudster Abu Trica faces 20 years in U.S. prison
Abu Trica has been charged with conspiracy to commit wire fraud and money laundering conspiracy.
Health
NANNM-FHI issues 15-Day ultimatum to FG over Kaduna Hospital crisis
The nurses gave an ultimatum that, if an alleged victimisation of its members at the Federal Neuropsychiatric Hospital, Barnawa, Kaduna, was not addressed by July 29.
