Andrea Agnelli addresses resignation and allegations

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Andrea Agnelli chaired his last general meeting today and commented on his resignation caused by several accusations of financial crimes (via Tuttomercatoweb).

The decision to step down as president was not easy. As well as loving Juventus, I’ve always strived to get the best possible results on and off the pitch, and they’ve been amazing. I decided convincingly and calmly. The club must defend itself. I personally believe that we have functioned well. My opinion is corroborated by the analysis of several experts. The charges against us are unjustified.

Juventus will prove their good and legitimate reasons. Despite this, the team must move forward on the path we have started to protect its best interests. This is why I thought it appropriate to resign, also to prevent anyone from thinking that future choices would be influenced by my personal involvement. It was an honor to lead this team, which comes first.

Chief Financial Officer Pietro Cerrato, who is leaving with Agnelli, explained the revised balance sheets (via Sky).

The numbers are different because we have made changes based on guidance on delayed salaries during the pandemic. The effects of this prudential approach are not economically relevant in the 2020/2022 triennium. Losses stand at 239M, with revenue down 37M from 2021 and with debt down significantly. COVID had a negative impact on this session due to restricted stadium access and lower revenue on matchdays. This was also the case for player performance rights.

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