FIFA's Blatter to quit, calls for new election

Embattled FIFA President Sepp Blatter plans to leave the post and call a congress to elect a new president of soccer's governing body, he said on Tuesday.

On Friday, Blatter - who has led soccer's governing body since 1998 - won re-election as president. He said he will continue as president until FIFA holds the next election.

Last week, Swiss police arrested seven soccer officials, including two FIFA vice presidents, as part of corruption investigations in the United States and Switzerland. U.S. authorities said nine soccer officials and five sports media and promotion executives faced charges involving more than $150 million of alleged bribes.

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Blatter was not charged with any wrongdoing, and he has defended his tenure since the arrests were made.

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The alleged actions extend to major international tournaments including the 2010 World Cup in South Africa, U.S. Attorney General Loretta Lynch said last week.

"They were expected to uphold the rules that keep soccer honest and to protect the integrity of the game, instead they corrupted the business of worldwide soccer to serve their interests and to enrich themselves," Lynch said of the officials.

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"I know many people hold me ultimately responsible for the actions and reputation of the global football community, whether it's the decision for the hosting of a World Cup or a corruption scandal," he said on Thursday. "We, or I, cannot monitor everyone all of the time. If people want to do wrong, they will also try to hide it."

- CNBC's Everett Rosenfeld contributed to this report

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