Korean business man withdraws from FIFA presidency race

12:59 - 26 October 2015

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FIFA presidental candidate Chung Mong-joon has confirmed that he will not be in the running to replace Sepp Blatter due to his ongoing suspension.

Chung Mong-joon has officially withdrawn his candidacy to become the next president of FIFA.

The South Korean was hoping to replace Sepp Blatter despite being handed a six-year ban from all football-related activity over a number of infringements during the bidding process for the 2018 and 2022 World Cups.

On October 9, Chung confirmed that he would launch an appeal in regard to the sanctions with the Court of Arbitration for Sport.

However, with the deadline for the submissions for presidency set for Monday, the 64-year-old has officially withdrawn.

"Because of the Ethics Committee's unjust sanctions, I will have to miss the October 26 deadline to file my candidacy," Chung said in a statement.

"Even though I can no longer stand for FIFA President, there is much left for me to do. I will continue to work with all those who love football to bring about legitimate changes from within FIFA."