<text>  Crisis-hit Serie A club Parma have suffered another blow with the arrest of the clubs new owner and president Giampietro Manenti. Italys financial police said Manenti was accused of investing illicit money and say he was one of 22 people arrested on Wednesday. According to La Gazzetta dello Sport, Manenti is under investigation for various acts of financial irregularity including money laundering and fraud. Parmas new president Giampietro Manenti was arrested for alleged involvement in money laundering . Manenti took over as Parmas new owner and president last month, agreeing to pay off the clubs debts, which are estimated at nearly 100 million euros 72.4m. Players havent been paid in months, however, and a bankruptcy hearing has been set for Thursday. Parma captain Alessandro Lucarelli said: I hope sooner or later this all ends because honestly we cant take any more. Manenti became the third owner of Parma this season after purchasing the club for a nominal sum from a Russian-Cypriot group in February. Parma captain Alessandro Lucarelli left admits the players are struggling to deal with the clubs predicament . Sorry we are not currently accepting comments on this article. 