In a stunning announcement made at a hastily called news conference Tuesday (June 2, 2015) in Zurich, FIFA President Sepp Blatter said he will resign after FIFA elects a new leader at an “extraordinary congress” that will be called by the organization’s executive committee. It appears that cannot happen until September. But the situation is fluid. The defiant Blatter reversed himself as his second-in command Jerome Valcke was named by U.S. investigators as the authority for a $10 million wire transfer that ended up vanishing into the murky coffers of corrupt officials in New York and Trinidad. Valcke is FIFA’s secretary general and works hand-in-glove with Blatter. It seems the splattering mud of corruption has landed on Blatter himself. A spokeswoman for FIFA said the $10 million in bank transactions were authorized by the then-FIFA Finance Committee chairman. The Finance Committee chairman was Julio Grondona, who died last year.
