Juventus name Gianluca Ferrero as new president after club sacked entire board
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Crisis club Juventus nominates Gianluca Ferrero as leading candidate to become next president, with the 59-year-old economic pundit leading the way to clean up the mess following the resignation of the entire board at Italian giants
Juventus have put forward Gianluca Ferrero as the club’s new president after the club’s entire board, including Andrea Agnelli, resigned in sensational fashion on Monday.
Ferrero is the man in the frame for the hotseat and the Italian giants issued a statement on Tuesday morning confirming their intentions.
The 59-year-old was chosen as the favored candidate by Exor, the holding company that owns the majority of shares in Juventus. He is an economic expert, deputy chairman of the board of directors of Banca del Piemonte and well placed to clean up the financial mess he could inherit.
Gianluca Ferrero (above) has been named by Juventus as their next club president
According to several Italian media, the board’s unanimous decision to resign is the result of involvement in the Prisma investigation, opened by the Turin prosecutor’s office.
A pronunciation published on the club’s official website said the board had received “new legal and accounting advice” from independent experts charged with reviewing the “critical issues”.
Agnelli’s period of unprecedented dominance at the Allianz Stadium – which included a nine-year streak of Serie A titles – has now come to an end.
Former president Andrea Agnelli resigned, along with the entire Juventus board
Ferrero hopes to be a steady hand at the helm, but there are plenty of fans eager to see club legend Alessandro del Piero elected as the new president. Del Piero is expected to return in some capacity and could fill Pavel Nedved’s old vice president role.
However, as it stands, Ferrero is the choice to take the lead and Juventus’ statement read: “With reference to the decisions taken by the board of directors of Juventus FC and ahead of the shareholders’ meeting to be held on January 18, 2023 has been convened, Exor communicates that it will nominate Gianluca Ferrero for the role of president of Juventus.
“As a corporate advisor, auditor, board member and committee member of a number of companies, Mr. Ferrero has considerable experience and the required technical competencies, as well as a genuine passion for the club, making him the person most qualified to fill this role. .
“Exor will publish the full list of its candidates for the renewed Board of Directors within the legally required time frame.”
Juventus have struggled on and off the field this season as they have fallen from grace
The club also published a short biography of Ferrero, in which he outlines his experience, including a degree in economics and various positions on the boards of various banking institutions in Turin.
Juventus are now in a state of flux as pressure from the pitch escalates over allegations they have previously denied.
On Tuesday 25 October, the club denied any wrongdoing after allegations of false accounting and market manipulation followed an investigation into the club’s financial statements.
Agnelli and the board resigned as the investigation hung over their heads
The board had been informed that the investigation was complete, which usually precedes any request to bring suspects to justice in Italy, and a source close to the cases claimed 15 suspects were involved in the investigation, including Agnelli.
The club released a statement saying: ‘Juventus remains convinced… to have acted in accordance with the laws and regulations governing the preparation of financial reports, in accordance with accounting principles and in accordance with international practice in the football industry .’
Turin’s prosecutor had alleged the club misrepresented financial losses in the 2018-2020 period, with prosecutors investigating the amount attributed to player sales.