The Court of Arbitration for Sport's decision not to overturn Michel Platini's ban will lead to his resignation from UEFA.
Michel Platini will resign as UEFA president after the Court of Arbitration for Sport's decision not to overturn his ban from football activity.
Platini did see his ban — which was related to a $2 million payment to him by then-FIFA chief Sepp Blatter in 2011 — reduced from six years to four by CAS's three-man appeal panel.
CAS also reduced his fine from 80,000 Swiss Francs ($83,000) to 60,000 Swiss Francs ($62,000), but maintained he was right to be punished and had taken into account "the absence of any repentance" and the impact of the saga on FIFA's reputation.
Platini, who denies any wrongdoing, had said prior to Friday's ruling he was optimistic of having his punishment annulled, and a statement released by his lawyers stated he was "deeply disappointed" by the "injustice" of the decision and is now ready to resign.
"Michel Platini announces that he will resign as president of UEFA at the organisation's next congress," read the statement from the Frenchman's legal team.
UEFA's Executive Committee will meet May 18 to begin the process of replacing Platini.
The committee's statement read: "UEFA has taken note of the decision of the Court of Arbitration for Sport to suspend UEFA President Michel Platini from any football-related activity for four years.
"We have also taken note of Michel Platini’s statement announcing his intention to resign as UEFA President. The UEFA Executive Committee will meet on the morning of 18 May in Basel to discuss next steps, including the scheduling of an elective congress. In the meantime, there will be no UEFA President appointed ad interim."
Platini's original eight-year ban was reduced to six by a FIFA appeals panel, with the 60-year-old then taking his case to CAS in February.
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