Oldham Athletic have sacked forward Cristian Montano following his arrest in a spot-fixing investigation.

The Latics cited gross misconduct as their reason for dismissing the Colombia-born striker, who was suspended without pay earlier this month before having his contract terminated today.

A statement on Oldham's official website, issued through CM Solicitors, read: "After a thorough investigation carried out by Oldham Athletic Football Club relating to the conduct of Cristian Montano and following lengthy discussions with our team of legal advisers at CM Solicitors, a decision has been made by the club board to dismiss the player forthwith.

"Notwithstanding and without prejudice to the ongoing criminal investigation, it is our view that the player's conduct, in not only bringing the name of Oldham Athletic but also the football authorities into disrepute, amounts to very serious breaches of club discipline, and therefore constitutes gross misconduct."

Montano, 22, is one of six players who have been arrested and bailed as part of a probe by the National Crime Agency, which was acting on information passed to them by The Sun.