Posted in: Last updated:
Milan (AFP) – Juventus shareholders Wednesday officially appointed the new board of directors, headed by Gianluca Ferrero, ahead of a possible trial for financial crimes that led to the resignation of the previous management en masse.
Juventus said in a statement that 87 percent of those authorized to vote voted for the new board of directors, which will remain in office until June 2025.
Ferrero was named president, succeeding Andrea Agnelli, who resigned with the rest of the members last November.
Ferrero said in a brief statement, “I want to do my best, along with the board of directors, we will work to create a future worthy of our past.”
Alongside the 60-year-old accountant Ferrero, the new CEO will be Maurizio Scannavino, who is also the CEO of the “Gedi” media group owned by the Agnelli family’s Exor Holding and the club’s main shareholder.
Fiorana Negri completes the board, Diego Pistoni and Laura Capello, and they make up a small group appointed to guide the club, which last month announced losses for the 2021-2022 season of €254.3m.
They will have to contend with a difficult period during which Juventus and senior figures from the club, including Agnelli, might go to trial over allegations of false accounting, with a preliminary hearing set for March 27.
Agnelli’s departure ends a 12-year reign during which Juventus won nine league titles and twice reached the Champions League final.
The Italian Football Federation will decide on Friday whether to reopen an investigation into irregularities in player transfers and loan transfers, following seeing documents from prosecutors in Turin, while UEFA is also investigating the club’s finances.
Prosecutors are investigating whether Juventus, which is listed on the Italian stock exchange, provided false accounting information to investors and invoiced for non-existent transactions.
© 2023 AFP
