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The entire board of Italian club Juventus, including president Andrea Agnelli, have resigned, according to a statement by the club.
The Serie A side finished fourth in the league last season and made a €254.3m loss – a record in Italy.
Last November, Juventus said they were co-operating with police after an investigation was launched into the club’s transfers.
The investigation concerned “revenues from player registration rights” between 2019 and 2021.
Agnelli and vice-president Pavel Nedved, who is also stepping down, were among those under investigation.
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The board have stepped down en masse “having considered the centrality and relevance of pending legal and accounting issues”, said a statement.
The outgoing board “considered to be in the best social interest to recommend that Juventus equip itself with a new board of directors to address these issues,” the statement added.
Managing director Maurizio Arrivabene will remain in his role for an interim period while a new board is brought together.
Ripples Nigeria recalls that Agnelli was one of the chief architects of the breakaway plans to form the European Super League in 2021.
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