JAKARTA - Shocking news came from the Italian Serie A giant Juventus. A number of club officials decided to resign suddenly.
Those who resign are Andrea Agnelli's Chair or President, Vice President Pavel Nedved and CEO Maurizio ArriZAgen.
The club nicknamed I Bianconeri will make a major overhaul in management at a shareholder meeting. The GMS was scheduled last week, but was eventually postponed to next month.
To that end, Arriivabene will continue to occupy his position as CEO of the club to oversee the election and introduction of the new board, which will be confirmed in January.
This collective resignation comes after Juventus' financial report was under scrutiny by Italian market prosecutor and regulator Consob in recent months. There are allegations of falsification of financial reports and market manipulation.
Juventus itself has denied any wrongdoing.
In its official statement, the holder of the 36 Scudetto title confirmed the decision of the top brass to resign after receiving advice from several parties.
"Members of the Board of Directors, considering centrality and relevance of pending legal and technical issues, consider social interests best to recommend that Juventus appoint a new Board of Directors to address this issue," reads the club's official statement, as reported by Live Score.
"For this reason, at the suggestion of chairman Andrea Agnelli, all members of the Board of Directors who attended the meeting declared their resignation from their positions."
"The board has asked Maurizio Arriivabene to maintain the position of Chief Executive Officer," the statement continued.
This decision ended the leadership era of the Agnelli Family. Andrea is the fourth member of Agnelli's family to serve as chairman or president of the Turin City club.
Juventus are currently third in Serie A, but failed to advance to the knockout stages of the Champions League and had to continue their work in the Europa League this season.
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