Former Lazio owner arrested

Former Lazio owner Sergio Cragnotti has been arrested following a warrant issued by the Rome prosecutors office.

Cragnotti has been under investigation for several months following the financial crisis that hit Lazio’s former majority shareholder, Italian food company Cirio.

Cirio was declared insolvent in November 2002 and three months later Cragnotti stepped down from his post as president of Lazio.

Cragnotti and his son Andrea, who is also being held by the Italian police, are being investigated in relation to a bankruptcy inquiry.