The entire board of directors at Juventus have unanimously resigned from their position at the club following an emergency board meeting on Monday night.
The Italian club confirmed that president Andrea Agnelli and vice president Pavel Nedved are among those that resigned from their positions, leaving the Serie A giants in a state of flux amid the mid-season World Cup break.
The decision for a mass resignation from the board was made on the proposal of president Agnelli after the board agreed that it was in the club’s best interest for a new group of executives to take over at Juventus.
The Old Lady has been in a severe financial crisis after posting record-breaking losses in the 2021-22 season. As published by the Turin club, they registered a £220million (€254.3m) loss last season, leaving their finances in a difficult position.
Former president Agnelli wrote a letter to all Juventus employees stating, ‘We are facing a delicate moment in society. Better to leave everyone together, allowing a new team to overturn the game’.
Agnelli also praised their ‘extraordinary results’, including the building of their Allianz stadium and nine consecutive league titles for the men’s team and five in a row for the women’s side.
“When the team is not compact, it lends itself to the opponents and this can be fatal,” the letter said.
“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!”
According to Sportmail, managing director Maurizio Arrivabene will remain in charge of his administrative duties despite resigning.
Meanwhile, several Italian media outlets report that the unanimous decision to reign comes as a result of the club’s involvement in the Prisma investigation, opened by the Turin Public Prosecutor’s Office.
The board have previously denied all allegations and wrongdoings but is now under investigation.
The entire board of directors includes Laurence Debroux, Pavel Nedved, Massimo Della Ragione, Daniela Marilungo, Katryn Fink, Francesco Roncaglio, Suzanne Keywood, Giorgio Tacchiawell, Arrivabene and chairman Agnelli.