(Football news) Serie A club Juventus have announced that the entire board of directors, including president Andrea Agnelli, have resigned. The decision to resign comes after Juventus’ financial statements underwent scrutiny by prosecutors and Italian market regulator Consob for alleged false accounting and market manipulation. The club announced an annual loss of £220m in the last season, the highest in the club’s history.

A statement released by Juventus read “The Board of Directors, considering the focus and relevance of the pending legal and technical-accounting issues, have deemed it in the best interest to recommend that Juventus adopt a new Board of Directors to deal with these issues.” The club’s president Andrea Agnelli and vice-president Pavel Nedved have already resigned while chief executive Maurizio Arrivabene also offered his resignation, which has not been accepted yet in order to help with the transition with the next board of directors. Board members Laurence Debroux, Massimo Della Ragione, Katryn Fink, Daniela Marilungo, Francesco Roncaglio, Giorgio Tacchia and Suzanne Keywood have also left their positions.

Andrea Agnelli has been at Juventus since 2010 and was an integral figure in the creation of the European Super League, acting as vice-chairman. The club are still involved in the breakaway competition along with Real Madrid and Barcelona despite nine other clubs quickly stepping away after widespread protests. In order to be involved in the European Super League, Agnelli resigned from his executive-level positions in the European Club Association and the UEFA committee. Under his leadership, Juventus won nine Serie A titles in a row until the 2019-20 season. However, they have underperformed in the last two years, with Inter and AC Milan winning the last two domestic league titles and are currently third, 10 points behind leaders Napoli.

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