FIFA has confirmed that both Sepp Blatter and Michel Platini have been banned from all football-related activities for eight years with immediate effect. In a statement, FIFA confirmed that “The proceedings against Mr Blatter primarily related to a payment of CHF 2,000,000 transferred in February 2011 from FIFA to Mr Platini. “Mr Blatter, in his position as President of FIFA, authorised the payment to Mr Platini which had no legal basis in the written agreement signed between both officials on 25 August 1999. “Neither in his written statement nor in his personal hearing was Mr Blatter able to demonstrate another legal basis for this payment. His assertion of an oral agreement was determined as not convincing and was rejected by the chamber.” The FIFA ethics committee found Blatter and Platini had demonstrated an “abusive execution” of their positions. “I will fight for me and for FIFA,” Blatter, 79, said at a news conference. Swiss Blatter and 60-year-old Frenchman Platini have also been fined $40,000 and $80,000 respectively. Both men continue to deny wrongdoing and a spokesman for Blatter confirmed he will appeal against the ban and is prepared to take the case to the Court of Arbitration for Sport (CAS) in Lausanne. Platini is expected to do the same. FIFA boss since 1998, Blatter had already announced he was quitting with a presidential election in February. Platini was tipped as a future leader of football’s world governing body and is a three-time European Footballer of the Year. He is also a former captain of France and has been in charge of UEFA – European football’s governing body – since 2007.