The entire board of Italian club Juventus, including chairman Andrea Agnelli, has resigned.
The Serie A club finished fourth in the league last season and suffered a loss of €254.3m (£220m), a record in Italy.
last November, Juventus said they were cooperating with police after an investigation was opened into club transfers.
The survey looked at “player registration fee revenue” between 2019 and 2021.
Agnelli and Vice President Pavel Nedved, who is also resigning, were among those under investigation.
The board resigned en masse “after considering the centrality and relevance of outstanding legal and accounting matters,” a statement said.
The outgoing board “considered that it was in the social interest to recommend that Juventus appoint a new board to resolve these issues,” the statement added.
Managing director Maurizio Arrivabene will remain in his role for an interim period while a new board of directors is put together.
Juve, listed on the Italian stock exchange, is being investigated for allegations of presenting false accounting information to investors and producing invoices for non-existent transactions.
Other clubs are also the subject of a parallel investigation which was launched by the Italian Football Federation (FIGC) in October.
Agnelli was one of the main architects of the escape plans form the European Super League in 2021.
