Juventus president Andrea Agnelli and vice-president Pavel Nedved have resigned from the club alongside entire board of directors.
Agnelli made the announcement, Monday night stating that the decision is in the “best interest of the club.”
The collective resignation comes after Juventus’ financial statements underwent scrutiny by prosecutors and Italian market regulator Consob in recent months for alleged false accounting and market manipulation.
The company has denied any wrongdoing.
Furthermore, Juventus published an annual loss of £220m for last season – a record-breaking fee in the history of the club.
Monday’s announcement was made after the Italian giants held an emergency board meeting after which the decision was made to resign en mass amid the mid-season World Cup break.
Managing director Maurizio Arrivabene is set to remain in charge of his administrative duties despite also resigning, with the club set to fall into a significant period of transition, the Daily Mail UK reports.
It was also learnt that Agnelli wrote a letter to all employees at Juventus to officially break the news to them.
The letter read “We are facing a delicate moment in society. Better to leave everyone together, giving the possibility to a new team to overturn the game.
“When the team is not compact it lends itself to the opponents and this can be fatal.
“At that moment we need to have clarity and contain the damage. I will continue to imagine and work for a better football club, comforted by a phrase by Friedrich Nietzsche:
“And those who saw themselves dancing were considered crazy by those who did not hear the music.
“Remember everyone, we will recognise each other everywhere with a look: we are the people of Juve!”
In the 2021/22 season Juventus had a record-breaking loss of £220million (€254.3m) as published by the Turin club.
