FIFA President Sepp Blatter has resigned from his position:

Sepp Blatter rocked the world of soccer on Tuesday by unexpectedly saying he would step down as FIFA president in the wake of a corruption investigation that reportedly may include the embattled chief himself.

Citing sources familiar with the case, The New York Times and ABC News reported on Tuesday that Blatter was being investigated by the Federal Bureau of Investigation and U.S. prosecutors. Reuters was not immediately able to confirm the report. Blatter has not been charged with any wrongdoing.

Blatter, 79, announced his decision to step down at a hastily arranged news conference in Zurich, six days after police raided a hotel in the city and arrested several FIFA officials, and four days after he was re-elected to a fifth term as FIFA president.

Blatter said an election to choose a new president would be held as soon as possible, though a FIFA official said it would probably not take place until at least December.

I have to figure that this is part of some sort of deal with either Swiss or US prosecutors.

My guess would be on the Swiss, because he must be desperate for a deal which prevents his extradition to the United States.