The 70-year-old football manager was arrested on Monday in Milan.
Italian chairman of Sampdoria, who plays in the Serie A football series Massimo Ferrero resigns. Sampdor was made public about Ferrero’s decision after he was arrested on suspicion of financial crimes.
“To our surprise, we have learned of the arrest of Massimo Ferrero in connection with the bankruptcy cases of years ago. It is important to find out that these cases are in no way related to the administration of the club, ”Sampdoria said.
“Mr. Ferrero will immediately relinquish all duties in the interest of the club and to be available to the investigating authorities.”
According to media reports, Ferrero, 70, was arrested on Monday in Milan. He and five others are suspected of fraud and other financial crimes.
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