According to John Elkann, CEO of the club's primary owner Exor, Massimiliano Allegri will stay at Juventus despite the resignation of the club's entire board.

Following an urgent meeting on Monday, Juve announced the resignations of several important individuals, including its president Andrea Agnelli, vice president Pavel Nedved, and managing director Maurizio Arrivabene.

The exodus occurs as a result of the club reporting record €254.3 million losses for 2021–2022 and as a result of an investigation into suspicions of tax fraud, which the Bianconeri have refuted.

LaLiga has urged UEFA to impose "urgent sporting punishment" on the Bianconeri, but Exor CEO Elkann has taken action to calm concerns that the turbulence in the boardroom may affect matters on the field.

"Massimiliano Allegri remains the point of reference in the Juventus sports area," Elkann said.

"We are counting on him and on the whole team to continue winning as they have shown they can do in the last few [match] days, keeping our goals high on the pitch."

Elkann also paid tribute to Agnelli's achievements as Juve president, adding: "I want to thank my cousin Andrea for giving us extraordinary emotions, which we will never forget.

Draft Separate Financial Statements And Consolidated Financial Statements As Of 30 June 2022 | Renewal Of The Board Of Directors.

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"In these 12 years, we have won so much. The credit is mainly his, as well as the women and men who have achieved memorable goals under his leadership.

"Our history speaks of victories and gives us the strength we need precisely in these moments. With the support and affection of our fans, we have the opportunity to build an extraordinary future."

Allegri, who came under intense criticism for overseeing Juve's elimination from the Champions League at the group stage earlier this season, joined Elkann in complimenting Agnelli's performance in Turin.

"It is always very positive to feel the closeness of the shareholders, and therefore I thank John Elkann for these words," he said.

"In recent years of work, passion and victories, I have always been able to count on the support of Andrea Agnelli, to whom I am bound by a friendship that will not end with the end of his presidency."