The European Union Football Association (UEFA) president, Michel Platini, will have to step down from the seat as h has finally lost his appeal at world sports highest ruling body to overturn the suspension imposed for breaching the ethics code of Federation of International Football Associations (FIFA).
The Court of Arbitration for Sport (CAS) sitting in Lausanne held on May 9 that Platini will still serve some years of ban from football for charges of financial misconduct. The CAS maintained the indictment against him but however reduced the earlier sentence of six years to four. CAS also cut his fine to SFr 60,000.
Though Platini has the option to approach the Swiss Federal Court in further appeal, he reportedly the CAS will be his last bus top and that he is ready to vacate the seat as head of UEFA.
Platini was booked FIFA Ethics Committee for accepting SFr2m “disloyal payment” from FIFA on the approval of former president and friend, They both claimed the money was for work done by Platini for FIFA under verbal agreement nine years earlier.
CAS stated it was “not convinced by the legitimacy of the payment [which] was not based on any document established at the time of the contractual relations and did not correlate with the alleged unpaid part of his salary.”
Platini, CAS said, “benefited from the extension of a pension plan to which he was not entitled” and that his “behaviour was not ethical or loyal.”
The Frenchman has however continued to insist on his innocence saying that he worked legitimately for the money.
“I am even more optimistic after this . . . I told the judges that I worked, I issued a bill, I followed the FIFA directives, I received money and I paid my taxes. That’s it,” he reportedly declared after the ruling.