Juventus President Andrea Agnelli attends the Italian Serie A soccer match between Torino and Juventus on the Olympic stadium in Turin. AFP
“Exor communicates that it’ll point out Gianluca Ferrero for the function of chairman of Juventus,” after former chairman Andrea Agnelli and the remainder of the board stepped down en masse Monday, the corporate mentioned in a press release.
The board had sought impartial authorized recommendation over an ongoing investigation by prosecutors in Turin into allegations of false accounting and irregularities within the switch and loans of gamers.
Ferrero, a company adviser, auditor and board member of plenty of firms, would take over at a difficult time for the Turin giants.
Exor, which owns 63.8 % of the capital of Juventus, mentioned Ferrero has “vital expertise and the required technical competencies”.
With a “real ardour for the bianconero membership”, he was “the individual most certified to fulfil this function,” it mentioned.
Prosecutors are investigating the likelihood that Juve, who’re listed on the Italian inventory trade, offered false accounting info to buyers and produced invoices for non-existent transactions over that interval.
The membership mentioned Monday the outgoing board felt it was “in the most effective social curiosity to advocate that Juventus equip itself with a brand new board of administrators to deal with these points”.
Shares within the membership fell nearly 5 % on the Milan Inventory Change on Tuesday morning, and have been price 0.265 euros at round 10:40 am (0840 GMT).
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