Juventus: The entire Juventus board of directors announces its resignation

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Andrea Agnelli (left) and Pavel Nedved will leave their positions at Juventus.

The entire board of Italian club Juventus, including chairman Andrea Agnelli, has resigned.

The Serie A side finished fourth in the league last season and posted a loss of €254.3m, a record in Italy.

Last November, Juventus said they were cooperating with police after an investigation was opened into the club’s transfers.

The survey looked at “player registration fee revenue” between 2019 and 2021.

Agnelli and Vice President Pavel Nedved, who is also stepping down, were among those investigated.

The board withdrew en masse “after considering the centrality and relevance of outstanding legal and accounting issues,” a statement said.

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The outgoing board “considered it to be in the best social interest to recommend that Juventus appoint a new board to deal with these matters,” the statement added.

Managing Director Maurizio Arrivabene will retain his position for an interim period, while a new board of directors is put in place.

Mr Agnelli was one of the main architects of the plan to create the European Super League in 2021.

Juve, which is listed on the Italian stock exchange, is being investigated for allegations of presenting false accounting information to investors and producing invoices for non-existent transactions.

The club have denied any wrongdoing.

Other clubs are also the subject of a parallel investigation which was launched by the Italian Football Federation (FIGC) in October.

Shareholders are due to meet again on January 18 to appoint the new board, the club have announced.