The board stepped down en masse "having considered the centrality and relevance of pending legal and accounting issues", it said in a reference to an ongoing police investigation.

Prosecutors in Turin have since last year been exploring allegations of false accounting and irregularities in the transfer and loans of players.

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 statement said.

https://www.thescore.com/ita_fed/news/2497971

Apparently the Turin Prosecutor is investigating a huge gap in their finances - some are speculating €200m+ - to do with false accounting, dodgy transfers and other contractual matters. While Nedved is said to have been "turned" by the Prosecutor to give evidence!

https://twitter.com/ForzaJuveEN/status/1597353446096740355?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1597353446096740355%7Ctwgr%5E69999e18a5158e3c6881874fc955e6e27c3cd4e2%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bigsoccer.com%2Fforums%2Fthreads%2Fthe-other-juve-related-news-discussion-thread.1638638%2Fpage-122

Of course, 90% of this is liable to be garbage, but if even the remaining 10% is true, then that could be enough to sink the club, since going into Administration would (I think) trigger automatic relegation, possibly even to Serie C?

While with Juve being a publicly listed company, the most serious allegations, if proven, could lead to severe criminal charges.

Could also explain why Antonio Conte never went back to them last year, as well?

Meanwhile, with Barca also in deep financial doodoo, it's looking like Real Madrid could have to resurrect the European Super League all on their own!