It would be roughly as significant for Italian football if the entire board of Juventus Turin abruptly resigned on an ordinary November evening as it would be for national politics if the government unexpectedly fell. The latter is considerably more typical, though. She then spelled out “Rivoluzione” in enormous letters across the full front page for the Gazzetta dello Sport, assuming it even qualifies as such.

After twelve years as the club’s manager, Andrea Agnelli, a member of a Turin dynasty with a distinguished name, has resigned. Undoubtedly not entirely voluntarily. Along with him are his vice, Pavel Nedvd, an ex-player who enjoyed success at the club, and managing director Maurizio Arrivabene, who did not enjoy his time in the same position at Ferrari. All newspapers concur that a “epoch,” or “period,” between splendor and upheaval, is drawing to an end.

Agnelli wrote a three-page letter as his farewell, in which he lists all of his accomplishments: nine consecutive championship victories, two Champions League finals, numerous national cups and super cups, and the building of a club stadium. In 2010, when Umberto Agnelli’s son Andrea took charge, Juve had recently completed two sevenths in the league, and everyone was still thinking about the Calciopoli scandal. His track record is extremely impressive from that perspective. But that won’t be what endures.

Juve’s supervisory board was forced to resign since there were so many questionable claims and legal inquiries into the club’s business practices in recent years. As a result, 16 individuals from this time period are now at risk of facing criminal charges. for faking the balance sheet, giving the stock market false information, sending out phony bills for fictional operations, and obstructing controls.

In his letter, Agnelli acknowledges that the corporation is going through a “difficult phase.” A record for Italy, the liabilities on the most recent club balance sheet, published at the end of June 2022, total 254 million euros. And if the investigators are to be believed, the management regularly deceived, inflating player values and recording sales proceeds for transferred staff, which is the only explanation for why the earlier accounts were better. In reality, everything was merely a show.

The “Prisma” legal file is overflowing, and there is also discussion surrounding Cristiano Ronaldo.

The investigation phase has now been finished by the public prosecutor’s office in Turin, and a ton of evidence has been gathered. There are also allegedly numerous compromising protocols of wiretapped telephone conversations in the “Prisma” file. One of them is Cristiano Ronaldo, who played for Juventus from 2018 until 2021, and the club’s legal counsel discussing a covert agreement: There is a document here that shouldn’t be there.

When the Turin court decides in a few weeks whether to initiate criminal proceedings, the specifics of what is written on it will likely be discussed during the trial. In retrospect, it appears that Agnelli’s precipitous decline started with Ronaldo’s unique global acquisition. One has been waiting for a Champions League title in Turin for so long. CR7 offered a lot of charm, helped jersey sales, and stoked those dreams. However, the Portuguese in the pandemic destroyed the club’s finances with his excessive annual wage, which was reportedly 30 million euros. Athletic? A flop.

Agnelli then cemented his unpopularity in the eyes of many Juventus players by actively supporting a European super league. He was busier than just Florentino Pérez, the manager of Real Madrid. In his final paragraph, Andrea Agnelli quoted Friedrich Nietzsche, who is credited with saying: “Those who could not hear the music thought the dancers were mad.” He may soon decide precisely what he was trying to convey with the quote.

Most likely, the incoming president will be an auditor, which would be a perfect fit.

Juventus must not allow the “delicate situation” to fester, especially given that there will be a major celebration in eight months when the Agnellis will have owned the team for a century. John Elkann, the head of Exor, the family holding firm, and the grandson of the illustrious Gianni Agnelli, is in charge of this new branch of the family. All operations are consolidated under this corporation’s wing, including Juve, which holds a capital stake of 64%. After all, it would be expensive to fire Massimiliano Allegri as a coach, thus he should stay in that position. Gianluca Ferrero, a fellow stakeholder who is a tax advisor and auditor by profession—not an undesirable background for someone tasked with organizing the bookkeeping—is the candidate Exor is recommending for the position of club president.

The fans would have liked different names, of course. The appeal for a club icon to become president, one from the very top tier, preferably Alessandro Del Piero, was made on social media as soon as word of Agnelli’s resignation began to spread. Breaking news from the newspapers was delivered to Italians’ mobile phones. He still maintains his elegance as a pundit on TV, but he now primarily resides in California. Del Piero is a romantic option. However, Juve probably isn’t in the mood for romance right now.

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