The board of Juventus , chaired by Andrea Agnelli, has resigned 'in the best interest of the company,' the Italian Serie A soccer team said on Monday.
Soccer Football - Serie A - Torino v Juventus - Stadio Olimpico Grande Torino, Turin, Italy - October 15, 2022 Juventus president Andrea Agnelli before the match REUTERS/Massimo Pinca, chaired by Andrea Agnelli, has resigned "in the best interest of the company," the Italian Serie A soccer team said on Monday.
The collective resignation comes after Juventus' financial statements received scrutiny from prosecutors and Italian market regulator Consob in recent months for alleged false accounting and market manipulation. The companyJuventus said its directors had discussed the issue at a meeting on Monday and concluded it would be best addressed by a new board, given "the relevance of the pending legal and technical/accounting matters.
, said it had asked CEO Maurizio Arrivabene to maintain his position and had appointed Maurizio Scanavino as general manager.Andrea Agnelli, who has chaired Juventus since 2010, will not seek a reappointment, a source with knowledge of the matter told Reuters. In a letter to Juventus staff seen by Reuters, Andrea Agnelli described the company situation as "delicate.""This is when you need to keep calm and contain damages: the company is going through a delicate phase and we're no longer cohesive. Better to quit all together, giving the chance to a new team to turn the game around."
Reporting by Elvira Pollina in Milan Writing by Giulio Piovaccari Editing by Valentina Za and Matthew Lewis
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