Il Fatto Quotidiano reports that Andrea Agnelli and the Juventus board of directors resigned on Monday to avoid being arrested.
The executives were left between a rock and a hard place in recent days. The club needed to approve their balance sheets, and with the Turin Public Prosecutor’s Office keeping a close eye on things, they had to make a tough choice.
Making changes to the balance sheets would’ve seemed like an admission of guilt, but not changing anything could’ve appeared as a reiteration of the alleged crime. Faced with this crossroads, Agnelli and the board decided to resign on mass.
After the resignations, the Turin Public Prosecutor’s Office dropped their appeal against the refusal to place Agnelli and the board under house arrest, something they had requested a few weeks ago.
The Bianconeri have been accused of secretly paying players wages in the early stages of the COVID pandemic and investigations into their financial documents also revealed around €34m in undeclared debts.
Whilst Juventus have been cleared of falsifying capital gains in the sporting case, the criminal investigation is still ongoing.