Former Richmond AFL player Jake King has been charged with making threats to kill, while Hawthorn player Tyrone Vickery is being investigated over extortion claims.
The pair were arrested by police on Wednesday afternoon.
The Age reports King was charged with making threats to kill, two counts of threats to inflict serious injury and two counts of using a carriage service to harass.
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He has been released on bail, while Vickery has also been released pending further investigations.
Media reports suggest Vickery had asked King to help him recover $100,000 he believes had been stolen from his Hawthorn restaurant business.
Hawthorn released a statement over the incident yesterday.
“Hawthorn Football Club is aware that Ty Vickery is assisting police in an investigation. As the matter is under investigation the club will not be making further comment at this time.”
Investigations are continuing.