FIFA President, Sepp Blatter, who was just recently re-elected to another 5-year term last week, is to resign from football's world governing body.
According to a BBC report, "Sepp Blatter says he will resign as president of football's governing body Fifa amid the ongoing corruption scandal that has rocked world football."
Last week, US authorities swooped in and arrested key FIFA officials following on from a 3-year long investigation into alleged corruption within FIFA.
Blatter has called for an extraordinary FIFA congress "as soon as possible" to elect a new president. In his statement of intent to resign, Blatter is reported as stating; "My mandate does not appear to be supported by everybody."
Blatter further stated: "I am very much linked to Fifa and its interests. Those interests are dear to me and this is why I am taking this decision. What counts most to me is the institute of Fifa and football around the world."
Blatter Under Investigation
Following on from Blatter's announcement of his impending resignation, US media is reporting that the FBI are officially investigating the FIFA President as part of their investigations into corruption at FIFA.
FIFA sponsors to include Visa, CoCa Cola, and McDonald's, have all welcomed Sepp Blatter's decision to resign.
Visa and CoCa Cola have stated their hope that there will be a swift overhaul at FIFA in light of Blatter stepping down.
Meanwhile McDonald's spoke of regaining the trust of fans in the world's most popular sport.
Other FIFA sponsors have chimed in with their comments, with Budweiser stating; "We expect today's announcement to accelerate Fifa's efforts to resolve internal issues, install positive change and adhere to the highest ethical standards and transparency."
Adidas also commented that the news of Blatter leaving FIFA "marked a step in the right direction on Fifa's path to establish and follow transparent compliance standards in everything they do."
More to come....