Michel Platini has announced he will resign as President of UEFA.
The head of football’s governing body had been issued a six year ban from football and failed with an appeal to have the decision overturned.
The Court of Arbitration for Sport panel did however reduce the ban to four years.
UEFA have said they will meet on the 18th May to discuss a plan of what to do next, though released a statement to indicate that there would be no head of UEFA for the time being: “In the meantime, there will be no UEFA president appointed ad interim”.
It is an embarrassing situation for UEFA, who find themselves without a President on the eve of the Champions League and Europa League final matches.
It also serves as another damning blow to Platini’s reputation, having last year been found guilty of ethics breaches, along with Sepp Blatter, over a 2m Swiss Franc (£1.3m) “disloyal” payment.
It was claimed that the pair had a “gentleman’s agreement on when the balance for a 2011 payment, for what they said amounted to what was owed for consultancy work carried out by Platini for Blatter between 1998 and 2002.
The CAS panel declared that Platini’s “behaviour was not ethical or loyal”.
In a statement, Platini stated that he intended to contest the ruling: “I am resigning from my duties as UEFA president to pursue my battle in front of the Swiss courts to prove my innocence in this case.”