Platini to resign as UEFA president after six-year ban appeal fails

Michel Platini's lawyer has confirmed that his client will step down from the post of UEFA president after the Court of Arbitration for Sport (CAS) refused to lift his six-year suspension from all football-related activities.

Platini, along with his former FIFA president Sepp Blatter, initially received a ban of eight years in last December over claims that the former had received a ' disloyal payment ' of 1.35 million pounds from the outgoing president in 2011.

Both Platini and Blatter, however, refused all the allegations levied against them and had their bans reduced to six years by FIFA's Appeal Committee in February.

Backing the FIFA's judgment, the Lausanne-based court rejected the appeal filed by Platini and said that the payment was 'unfair' and a 'conflict of interests', the Guardian reported.

The CAS, however, cut the suspension to four years and reduced Platini's fine from 80,000 Swiss francs to 60,000 Swiss francs.

Earlier in April, the 60-year-old Frenchman's appeal against the ban was heard by a three-member CAS panel, with Blatter among one of the witnesses.