The board of directors of the Turin club tendered their resignation on Monday evening. A few hours later, Mattia Binotto, the director of Scuderia Ferrari, also announced that he was stepping down.
This is a big blow for Italian sport, and in particular for the businesses controlled by the Agnelli family. On Monday evening, to everyone’s surprise, the board of directors of Juventus announced its resignation. This is in addition to the departure of the club’s president, Andrea Agnelli, who has been in office since 2010. The club said the board had “considered it in the best social interest” to resign, “considering the centrality and relevance of the outstanding legal and technical-accounting issues”.
The turmoil follows an investigation by the Italian judiciary that has been ongoing for more than a year into “false exchanges” of players. The club also allegedly hid from its investors the existence of private agreements with players, including striker Cristiano Ronaldo, to pay certain salaries on a deferred basis. These informations has caused the club’s share price to fall by almost 20% since January.
Click here to read the full article on Luxus Plus Magazine.
Featured photo : © Cyril Zingaro/AP/Sipa
