The Guardian reports:
'Detectives probing allegedly dodgy transfer deals in the Premiership have made their first arrest. Officers from City of
'It is believed Lord Stevens's findings were delivered to Premier League chief executive Richard Scudamore last Friday. A City police spokeswoman said: "We can confirm a 61-year-old man has been arrested in
'She added that the man was arrested on Wednesday May 23 on suspicion of money laundering. He was released on bail until October.
'The arrest of the 61-year-old man on Friday by City of London police in Manchester on suspicion of money laundering following an investigation into corruption in football will be followed by further arrests over the coming days, Observer Sport understands. A police source said: 'There is more than one Premiership club involved here and if this is all followed through it will be a major breakthrough.'
'The man who was arrested is not thought to be club executive or football agent, but an accountant or an expert in financial dealings. Officials close to the inquiry believe it marks the start of a trail of arrests that will lead to more high-profile figures in the Premiership.'