Former Richmond AFL player Jake King has been charged with making threats to kill, and Hawthorne's Tyrone Vickery arrested, as part of an extortion probe.
The former Richmond teammates were arrested on Wednesday afternoon and King is now on bail, charged with six offences.
The 33-year-old 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.
Vickery, 27, was released pending further investigations.
Former Richmond player Jake King has been charged with several offences following a corruption probe. Source: AAP
Fairfax Media reports Vickery had enlisted King to help him recover $100,000 he believes had been stolen from his Hawthorn restaurant business.
King was arrested at City of Ink, the tattoo parlour he co-owned with former bikie and underworld figure Toby Mitchell in South Melbourne.
Victoria Police also raided properties in Wheelers Hill and Thornbury.
Hawthorne's Tyrone Vickery has also been arrested. Source: Channel 7
"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," Hawthorn said in a statement on Wednesday.
King is due to appear at the Melbourne Magistrates Court on November 15.