Following the shock resignation of board members on Monday, Juventus majority owner John Elkann released a statement praising his cousin Andrea Agnelli and the rest of the members for their professionalism after acting in the best interest of the club. .
But as we would have guessed, this carefully worded public statement was just a mirage, or at least that’s what a recent report suggests.
On the surface, Agnelli’s resignation was not as genuine as his cousin tries to paint it, but he was under a lot of pressure to make it.
According to Corriere della Sera via Calciomercato, Agnelli and the rest of the board resigned after a tense confrontation between the former president and Elkann.
The source claims that some members of the current management (presumably CEO Maurizio Arrivabene) have sounded alarm bells, stating that if the current balance sheet is to be presented to the club’s general assembly, it will go to the prosecutor’s office.
The news reached Elkann, who summoned his cousin to tell him that the club’s dismal financial situation is no longer sustainable, prompting his resignation.
Exor’s CEO has already replaced Agnelli with the club’s new president, Gianluca Ferrero, but the rest of the board is expected to be chosen by the general assembly in January.
