Birmingham City Football Club asked for trading in its shares to be suspended Thursday, a day after two of its executives were arrested in a corruption probe.
City of London Police said they questioned a 59-year-old man and a 39-year-old woman on suspicion of conspiracy to defraud and false accounting.
Birmingham City identified the pair as managing director Karren Brady and co-owner David Sullivan, who said in a statement from the club that they were invited to "cooperate" with the investigation "and have happily done so."
Brady and Sullivan were released on bail.
Birmingham's ground was searched by City of London police last month regarding an investigation into soccer corruption.
A further seven people, including Portsmouth manager Harry Redknapp, remain free on bail in connection with the inquiry after being arrested in November. Others arrested then include former Portsmouth chairman Milan Mandaric, who is now at Leicester; former Portsmouth player Amdy Faye and his agent, Willie McKay; and former Portsmouth chief executive Peter Storrie.
The probe is believed to be centered on Faye's transfers from Auxerre to Portsmouth in August 2003 and from Portsmouth to Newcastle in January 2005.
Faye joined Charlton in August 2006. This season, he played only two games for the Addicks before he was loaned out in August last year to Scottish club Rangers, where he has only played five games. He has never played for Birmingham.
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