Sampdoria president resigns after arrest in bankruptcy case

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Rome (AFP) – Sampdoria president Massimo Ferrero resigned after his arrest on Monday for alleged involvement in fraudulent bankruptcy cases, Italy’s Serie A club have announced.

“We learned with great surprise of the arrest of Massimo Ferrero (…)

“It is important to clarify that these questions have absolutely nothing to do with the management (of the club).”

“To protect at best” the interests of Sampdoria, Mr. Ferrero “intends to resign immediately from all his functions and put himself at the disposal of investigators,” the statement added.

According to Italian media, Ferrero was arrested Monday in Milan and taken to a prison in the city in northern Italy.

The 70-year-old is charged, along with five others under house arrest, with fraudulent bankruptcy and other suspected financial crimes.

According to his lawyer, quoted by the daily Il Corriere della Sera, the arrest was linked to the Iowa bankruptcy “}” data-sheets-userformat=”{“2″:513,”3”:{“1″:0},”12″:0}”>Iowa bankruptcy of companies headquartered in the southern region of Calabria.

Sampdoria is currently in 15th place in the Italian top flight.

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