Pavel Nedved has resigned as Juventus vice-president, effective immediately, following a board meeting on Monday night. The decision comes amid an ongoing investigation into alleged false accounting and market manipulation.
What happened?
The entire Juventus board, including president Andrea Agnelli and managing director Maurizio Arrivabene, stepped down from their positions.
Why it matters for Pavel Nedved
Nedved, a Juventus legend with 327 appearances between 2001 and 2009, had been vice-president since 2015.
The investigation, led by the Turin Public Prosecutor's Office, reportedly involves 15 people at Juventus and relates to alleged financial mismanagement between 2018 and 2020.
What comes next?
Maurizio Scanavino has been appointed as the new general manager, while Giorgio Tacchia will replace Daniela Marilungo as a director.
Juventus registered a record loss of £219m for the 2021/22 season and have been in decline on the pitch, finishing fourth in the past few campaigns.
The club was knocked out of the Champions League in the group stages in October and currently sits third in the Italian top flight, behind Napoli and AC Milan.
Andrea Agnelli, who had been president for 12 years, was a major player in European football and one of the founding voices behind the failed European Super League attempt.
Nedved's resignation marks a significant change in the club's leadership, with the new board set to be appointed at the next shareholders meeting on January 18.
The investigation into Juventus' financial dealings is ongoing, with the club denying any wrongdoing in a statement on October 25.
Pavel Nedved's legacy as a player remains unchanged, but his resignation as vice-president adds to the uncertainty surrounding the club's future.
The new leadership will face significant challenges in restoring the club's fortunes, both on and off the pitch.
Maurizio Arrivabene will remain in place as chief executive until a new one is appointed, providing some continuity during this period of transition.
The resignation of the entire board has sent shockwaves through the football world, with many wondering what the future holds for Juventus.
The club's fans will be eagerly awaiting the appointment of the new board and the changes that will follow, hoping that it will mark a turning point in the club's fortunes.