UEFA President Michel Platini is set to resign as the president of the body after his appeal to reduce the six-year ban from FIFA was turned down by the Court of Arbitration for Sports (CAS) on Monday, 9 May.
The CAS panel which judged on the appeal, instead reduced the ban to four years. In response, the 60-year-old Frenchman said he was stepping down from his position.
Late last year, Platini and former FIFA President Sepp Blatter were handed long-term bans after being found guilty of breaching FIFA ethics over a 1.3 million pounds disloyal payment.
While Platini had denied any wrongdoing, the CAS panel, on Monday, only reduced the sanctions on Platini, including the reduction of a fine of 80,000 Swiss Francs to 60,000 Swiss Francs.
"Michel Platini announces that he will resign as president of UEFA at the organisation's next congress," one of his lawyers stated to the media.