Blatter, Platini Acquitted of Corruption
Analysis based on 6 articles · First reported Mar 25, 2025 · Last updated Mar 25, 2025
This event has no direct impact on financial markets as it pertains to a legal matter in the sports world. The acquittal of Sepp Blatter and Michel Platini resolves a long-standing scandal but does not affect market participants.
Former FIFA president Sepp Blatter and former UEFA chief Michel Platini were acquitted of corruption charges by a Swiss appeals court for a second time. The case revolved around a 2 million Switzerland — Swiss franc payment Sepp Blatter authorized for Michel Platini in 2011, which was claimed to be a deferred consultancy fee. Swiss federal prosecutors had appealed their initial 2022 acquittal, seeking suspended jail sentences. Both men maintained their innocence, stating there was a 'gentleman's agreement' for the payment. The scandal, which emerged in 2015, led to Sepp Blatter's resignation from FIFA and ended Michel Platini's aspirations to become FIFA president. Despite the acquittals, the event has left a significant mark on both men's legacies in football.
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