UEFA President Michel Platini will resign from European football’s governing body after failing to have a six-year ban from football overturned, the BBC reports.
A Court of Arbitration for Sport (Cas) panel reduced the ban to four years on Monday.
Following the judgement, the 60-year-old said he would be stepping down.
Platini and former Fifa counterpart Sepp Blatter, were last year found guilty of ethics breaches over a 2m Swiss Franc (£1.3m) “disloyal payment”.
The pair, who deny wrongdoing, had their original bans reduced from eight to six years by the FIFA appeals committee.
Platini had taken his case to Cas seeking to get the ban overturned, but a three-man panel said it “was not convinced by the legitimacy of the payment”.
The two said the payment in 2011 was made for consultancy work Platini had carried out for Blatter between 1998 and 2002, and that they had a “gentleman’s agreement” on when the balance was settled.