(FILES) This file photo taken on Oct. 23, 2012 shows UEFA president Michel Platini attending a press conference on the Euro 2016 football tournament at the FFF headquarters in Paris. / AFP / LIONEL BONAVENTURE
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Michel Platini will quit as the head of European football after a sports tribunal Monday rejected his final appeal against his ban from football over a suspect $2.0 million payment he received from FIFA.Platini, once the front-runner to succeed Blatter as the most powerful man in the sport, said in a statement that following the ruling he had no choice but to resign from UEFA.The ruling means Platini will be barred from presiding over the Euro 2016 that opens in his native France on June 10, a tournament which he helped organize until he was provisionally suspended by FIFA in December.Platini and Blatter have both denied any wrongdoing. They have insisted the $2.0 million was part of a legitimate oral contract for consulting work performed by Platini. The CAS ruling noted that Platini had a valid consulting contract with FIFA signed in 1999 -- with an agreed salary of 300,000 Swiss francs ($300,000) per year -- which terminated in 2002 .
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