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Reuters/Arnd WiegmannFIFA president Sepp Blatter
FIFA president Sepp Blatter is resigning as president of FIFA, he announced on Tuesday at a surprise press conference.
"FIFA needs profound restructuring," he said in a statement.
There will be an "extraordinary congress" of FIFA and a new president will be elected, at which time he will step down the post he has held since 1998.
It's a shocking move. Two days after nine current and former FIFA officials were arrested in a $150 million bribery scandal, Blatter defiantly stood for a fifth term and was reelected in a landslide. Now, less than a week later, he's quitting.
Read more: http://www.businessinsider.com/fifa-president-sepp-blatter-resigns-2015-6#ixzz3bvQeW8Hi