Entire Juventus Board of Directors resigns pending investigation

The entire Juventus Board of Directors has resigned pending investigations into alleged false accounting at the Serie A club.

Those who have resigned include president Andrea Agnelli and vice president Pavel Nedved as confirmed by the club through a statement.

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Since last year, prosecutors in Turin have been investigating the club over allegations of false accounting and irregularities in the transfer and loan of players.

It is due to the investigations that the outgoing board found it fit to step aside for another board to come in and pave way for a proper investigation.

In the meantime, managing director Maurizio Arrivabene confirmed that he will stay in place on an interim basis until when a new Board of Directors takes charge.

Under investigation is over 282 million euros, a positive amount making the difference between write downs and transfer of players from the years 2019,2020, and 2021.

Police highly believe that Juventus doctored their financial records to attract investors since they are in the capital market. After investigations are done, the police will then forward their findings to the Italian Football Federation (FIGC) which will determine the kind of punishment to impose ranging from sanctions, fines, or elimination from the league altogether.

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Alex Kiprop
News Moto sports correspondent. Catch up the latest results when they happen and as they happen, locally and international

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