Paris - Michel Platini's appeal against a six-year ban from football imposed by FIFA failed and the French legend will now resign as UEFA's president, his lawyers said Monday.
According to the lawyers, the Court of Arbitration for Sport only ruled that the ban against the 60-year-old Platini over a suspect payment from FIFA be cut to four years.
"Michel Platini announces that he will resign as president of UEFA at the organisation's next congress," said a statement which added that he was "deeply disappointed" by the decision.
Platini claims that the money he received was for consulting work he performed for former FIFA president Sepp Blatter during a four-year period between 1998-2002.
The former French football star, who will not be able to play any role during the European Championship this summer in his home country, says he will continue to fight to clear his name and claims that the ruling is a "profound injustice
He is expected to formally resign as UEFA in the coming days.
Angel Maria Villar is currently serving as the acting president of the European football governing body.
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