Chartered accountant by training, Gianluca Ferrero succeeds this Wednesday the resigning Andrea Agnelli. His mission is to financially restore the club of the Old Lady.
Gianluca Ferrero, a 60-year-old chartered accountant, was officially inducted president of Juventus Turin on Wednesday after Andrea Agnelli resigned at the end of November, under pressure from a judicial investigation into possible accounting fraud.
Gianluca Ferrero was the candidate designated at the end of November by Exor, the holding company of the Agnelli family controlling the most successful Italian football clubs (36 league titles), after the resignation of Agnelli with his vice-president Pavel Nedved and the whole from the administration board.
Meeting on Wednesday morning in a general meeting, the shareholders elected the new board of directors, which then appointed Mr. Ferrero as chairman and Maurizio Scanavino as managing director.
Fix the financial situation
The new management will have the task of redressing the sporting situation of the Old Lady, without a title last season for the first time in eleven years, but above all the worrying financial situation: the club has recorded losses of more than 200 million euros these last two seasons and is in the crosshairs of both UEFA and Italian justice for possible accounting irregularities.
Andrea Agnelli, 47, in office since 2010, spoke at the opening of the meeting of his “emotion” before “closing an important chapter of (his) life” and indicated that he was going to withdraw from the whole of the positions he holds on the boards of Exor companies.