Juventus have released an official statement after the board resigned on Monday.

Andrea Agnelli, Pavel Nedved and eight more board members, including CEO Maurizio Arrivabene, have resigned, Juventus confirmed with an official statement.

The Bianconeri are being investigated for suspicious transfers with inflated values in order to gain capital gains. Investigators looked into financial statements for 2018, 2019 and 2020.

Juve announced: “Given the centrality and relevance of legal issues and technical-accounting pending, [board members] have deemed, in accordance with the best social interest, to recommend that Juventus provide a new Board of Directors to address these issues.

“Juventus will continue to cooperate with supervisory and industry authorities, without prejudice to the protection of its rights in relation to disputes against the financial statements and communications of the Company by CONSOB and by the Prosecutor's Office."

The Bianconeri add that Maurizio Scanavino has been appointed as their new CEO.