Freshly re-elected Sepp Blatter leaves FIFA

Kai Ryssdal and Daisy Palacios Jun 2, 2015
HTML EMBED:
COPY
FIFA President Sepp Blatter holds a press conference at the headquarters of the world's football governing body in Zurich on Tuesday. Blatter resigned as president of FIFA as a mounting corruption scandal engulfed world football's governing body.  VALERIANO DI DOMENICO/AFP/Getty Images

Freshly re-elected Sepp Blatter leaves FIFA

Kai Ryssdal and Daisy Palacios Jun 2, 2015
FIFA President Sepp Blatter holds a press conference at the headquarters of the world's football governing body in Zurich on Tuesday. Blatter resigned as president of FIFA as a mounting corruption scandal engulfed world football's governing body.  VALERIANO DI DOMENICO/AFP/Getty Images
HTML EMBED:
COPY

Sepp Blatter was re-elected as the president of FIFA, world soccer’s governing body, last Friday. It looks as though, however, the ride is almost over for Blatter: he announced Tuesday that he will resign his position. To say it came as a surprise is something of an understatement.

Daniel Roberts, a sports business writer for Fortune magazine, says the reasons why Blatter decided to resign is unclear.

“My bet though is that it was the [New York] Times report, which came out Monday night, and that fingered a top lieutenant of his, Jérôme Valcke, as having personally handled $10 million in bribery money. I think that’s what did it,” Roberts says.

Blatter’s departure from the organization might reopen the battle to host the next two World Cups. Qatar fought hard to win the voting and host the 2022 tournament; the United States finished second. However, Roberts does not think the location will change.

“It would be a bigger shock if they manage to get this World Cup out of Qatar’s hands,” Roberts says.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.