Sampdoria President Ferrero stood still after being arrested for fraud

December 7 – The president of leading Italian airline Sampdoria will resign immediately after being arrested for alleged involvement in fraudulent bankruptcies.

Massimo Ferrero was arrested by Italian police on Monday as part of an investigation into the events that led to the bankruptcy of four of his former businesses.

While Ferrero is believed to have been taken to prison in Milan, house arrest orders are placed on five others, believed to include his daughter and grandson. A total of nine people are believed to be involved in the investigation carried out by the prosecutor of Paola, Calabria region, southern Italy.

Sampdoria said Ferrero would give up “respect for the club” as they distance themselves from any involvement in the alleged incidents.

The club said in a statement: “We are surprised to learn about the enforcement of a pre-trial detention order against Massimo Ferrero today.

“It is a request from the Prosecutor’s Office of the Republic of Paola for bankruptcy in connection with the events of many years ago. These events are completely independent of both management and ownership of Sampdoria.

“However, in order to protect Sampdoria’s interests, Mr. Ferrero intends to resign immediately from all his functions and entrust himself to investigators.”

The 70-year-old businessman completed his takeover of the Serie A club in June 2014 for around 15 million euros, including the club’s debt.

During their seven-and-a-half years in charge, Sampdoria have established themselves as Serie A regulars and qualified for the Europa League qualifying round in 2015. However, they are currently in 15th place.NS placed in the tournament.

Ferrero has been close to selling the club over the past few months, most notably to a consortium led by club icon Gianluca Vialli in August, and this week confirmed he is open to moving on if a buyer arrives. suitable.

Contact the writer of this story at moc.l1638877177labto1638877177ofdlr1638877177owedi1638877177sni @ w1638877177ahsra1638877177w.wer1638877177dna1638877177 Sampdoria President Ferrero stood still after being arrested for fraud


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