Serie B side Livorno risk bankruptcy, as President Aldo Spinelli admits the takeover has collapsed because Majd Yousif was allegedly arrested.
The Dutch impresario was on the verge of completing the takeover when his offices in the Netherlands were raided.
According to De Telegraaf, Yousif was arrested as part of a probe into the sale of luxury vehicles, which could’ve been a front for drug trafficking.
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