AKIPRESS.COM - Suspended FIFA President Sepp Blatter and European soccer boss Michel Platini were both banned from soccer for eight years on Monday by the Ethics Committee of football's global governing body.

The pair, who were also fined, had been suspended for 90 days in October while an investigation was carried out into a 2 million Swiss franc ($2.02 million) payment by FIFA to Platini in 2011. Both men denied any wrongdoing, reports Reuters.

The decision, which comes as a corruption scandal swirls around FIFA, means that Blatter's 17 years at the helm of world soccer will end in disgrace, and spells the end of Platini's hopes of replacing the 79-year-old Swiss in a presidential election in February.

Platini, a former France international who was one of the finest players of his generation and had led the European soccer body UEFA since 2002, had been the favorite to win that election until he was suspended.