Juventus post record financial loses

Juventus' whole board, including its president Andrea Agnelli, has resigned.

The collective resignation was announced in a statement on the club’s official website,

The Serie A team lost €254.3m (£220m), a record in Italy, and finished fourth in the league the previous season.

After a police inquiry into the club's moves was started in November 2021, Juventus declared that they were cooperating with authorities.

Between 2019 and 2021, "revenues from player registration rights" were the subject of the investigation.

Agnelli and the departing vice president Pavel Nedved were some of those under scrutiny.

According to a statement, the board all resigned "having evaluated the significance and relevance of pending legal and accounting challenges."

The outgoing board "thought it to be in the best social interest to recommend that Juventus choose a new board of directors to help the company achieve its goals"

However, Juventus have fallen off their perch in recent seasons, with Inter and AC Milan winning the last two Serie A titles respectively.

Juventus are currently third in the Serie A table, 10 points behind leaders Napoli, and are currently managed by Massimiliano Allegri.