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Juventus board resigns

The entire board of directors at Juventus has resigned, including president Andrea Agnelli and vice-president Pavel Nedved.

The Italian Serie A club’s board stepped down en masse “having considered the centrality and relevance of pending legal and accounting issues”, it said in a reference to an ongoing police investigation.

Prosecutors in Turin have since last year been exploring allegations of false accounting and irregularities in the transfer and loans of players.

They are investigating the possibility that Juve, who are listed on the Italian stock exchange, presented false accounting information to investors and produced invoices for non-existent transactions 

Juventus have already made a huge €254m loss in 2021/22, the highest ever reported in Italy.  They have lost half a billion euros over the last three years.

Shares in the club fell 6 per cent in early trading in Milan.

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