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Juventus Board Resign Over Alleged Accounting Irregularities

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The entire board of directors at Juventus has resigned, including president Andrea Agnelli and vice president Pavel Nedved, the Italian Serie A club said in a statement Monday.

The board had sought independent legal advice over an ongoing investigation by prosecutors in Turin into allegations of false accounting and irregularities in the transfer and loans of players.

It resigned over “new legal and accounting opinions” from experts, and given “the centrality and the relevance of the pending legal and technical/accounting matters”, the club said.

The exodus marks the end of a chapter for Agnelli, who as chairman saw Juventus win nine-straight Serie A titles as well as reach the 2015 and 2017 Champions League finals.

He was also a fervent supporter of the European Super League. Two of the clubs that also hoped to join — Manchester United and Liverpool — are now up for sale.

But he risks legal woes along with over a dozen other people in the commissions’ case.

Juve are being probed over 282 million euros ($319m) of capital gains — the positive difference between purchase and sale values net of amortization and write-downs — from a series of player transfers booked in their financial results for 2019, 2020 and 2021.

– Parallel investigation –
Prosecutors in Turin are investigating the possibility that Juve, who are listed on the Italian stock exchange, presented false accounting information to investors and produced invoices for non-existent transactions over that period.

The outgoing board “considered (it) to be in the best social interest to recommend that Juventus equip itself with a new Board of Directors to address these issues,” the club said.

Managing director Maurizio Arrivabene was asked to stay on for an interim period while a new board could be brought together for the Turin giants, the club said.

The next shareholders’ meeting is set for December 27 and will examine new consolidated financial statements as of 30 June 2022.

Shareholders are then set to meet again on January 18 to appoint the new board, it said.

A raft of transfers involving Juve and other clubs are also the subject of a parallel investigation which was launched by the Italian Football Federation (FIGC) in October.

What is discovered by prosecutors will then be passed on to the FIGC, which has powers to sanction clubs with a range of punishments from fines to being kicked out of the league.

The club will “continue to cooperate with the supervisory and industry authorities”, it said.

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Madrid Beats Al Ahly 4-1, Zoom Into Club World Cup Final

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Real Madrid secured its place in the Club World Cup final with a 4-1 win against Egyptian club Al Ahly on Wednesday to keep alive its quest for a record-extending eighth world title.

Vinícius Júnior, Federico Valverde, Rodrygo and Sergio Arribas scored for the Spanish side, which will play Al-Hilal in Saturday’s final. The Saudi Arabian team beat Brazilian club Flamengo 3-2 on Tuesday.

Madrid has won the world club title a record seven times, including three times when the competition was called the Intercontinental Cup. Madrid is chasing its first world club title since 2018.

Ali Maaloul scored the lone goal for Al Ahly, with his team already trailing 2-0 in the second half. Vinícius opened the scoring in the 42nd minute for his 50th goal in 202 matches with Madrid.

Valverde added to the lead early in the second half before Rodrygo and Arribas sealed the victory in stoppage time. It was the first goal for the 21-year-old Arribas with Madrid’s first team.

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EPL: Leeds United Hold Man United 2-2 At Old Trafford

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Marcus Rashford and Jadon Sancho combined to deny managerless Leeds a rare Old Trafford victory as Manchester United came back from two goals down to snatch a point from a thrilling Roses clash.

The hosts looked finished when Raphael Varane turned Crysencio Summerville’s cutback into his own net to put Leeds two ahead after Wilfried Gnonto had given them a first-minute lead.

But Rashford halved the deficit when he headed home Diogo Dalot’s inviting cross before Sancho, only just back to first-team duties after recovering from physical and mental issues, scored his first Premier League goal since September when he drove home from 10 yards after Luke Shaw’s initial shot had been blocked.

Varane brought an excellent save out of Illan Meslier as Manchester United hunted a goal to extend their 13-match winning streak on home soil.

Anything less than a point would have been extremely harsh on Leeds, who sacked manager Jesse Marsch on Monday, and they also hit the post through Brenden Aaronson in between the home side’s two goals.

The result moves them a point clear of the relegation zone and above West Ham into 16th, although after this superb contest, the Elland Road rematch in four days’ time will be an occasion to relish.

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2023 AFCON Qualifier: Guinea Bissau To Play Super Eagles In Morocco

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Guinea Bissau will host the Super Eagles of Nigeria in Morocco in a 2023 Africa Cup of Nations qualifying matchday three encounter.

The match will hold on Thursday, March 23, with the reverse fixture slated for the Moshood Abiola Stadium, Abuja four days later.

Guinea-Bissau’s home stadia, Estadio 24 de Setembro and Estadio Lino Correia were not approved by the Confederation of African Football (CAF) to host games in the qualifiers.


The two grounds failed to meet CAF’s requirements to host international matches.

According to reports emanating from the West African country, the Guinea Bissau Football Federation have been granted permission by their Moroccan counterpart to host their home games in the country.

The Djurtus are second in Group B with four points from two games.

Baciro Cande’s side lost 2-0 to the Super Eagles the last time both teams met in a group game at the 2022 Africa Cup of Nations in Cameroon.

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