Juventus’ board of directors, including Chairman Andrea Agnelli and CEO Maurizio Arrivabene, has resigned on Monday. The collective resignation came after an extraordinary meeting held yesterday. The Serie A team’s financial statements underwent scrutiny by prosecutors and Italian market regulator CONSOB in recent months for alleged false accounting and market manipulation. The company has denied any wrongdoing. Upon the proposal of Agnelli, the board agreed that it was in the best interest of the club for a new board to take over at Juventus. The organisation, which is controlled by the Agnelli family's holding company Exor, said it had asked CEO Maurizio Arrivabene to maintain his position and had appointed Maurizio Scanavino as general manager. The new board of directors will be confirmed in a meeting scheduled for January 18. Agnelli’s decade overseeing an unprecedented period of dominance at the Allianz Arena – including a nine-year run of Serie A titles – has now come to an end as a result. Nicknamed La Vecchia Signora – The Old Lady – Juve posted losses of €254.3 million ($256.95 million) for 2021/22, the largest recorded loss in Serie A history. Juve is third in Serie A – 10 points behind leader Napoli – but failed to qualify for the Champions League knockout stages.
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