Juventus Faces Crisis After Agnelli, Entire Board Resign (3)

Juventus Football Club SpA Chairman Andrea Agnelli and the Italian football team’s entire board of directors resigned late Monday amid a probe into alleged wrongdoing related to the company’s financial filings.

“We are facing a delicate moment as a company and unity has failed,” Agnelli said Monday in a letter to employees, which was viewed by Bloomberg, adding that the exit would provide the team with an opportunity to start over.

The dramatic move comes in the wake of an investigation by Turin-based prosecutors and Italy’s market regulator Consob into some of the club’s recent financial balance sheets regarding alleged ...