Fifa president Sepp Blatter and Michel Platini ban for eight years
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| Blatter and platini |
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.
Why Platini says that the decision was a "masquerade" intended to "dirty" his name.
Both men continue to deny wrongdoing and intend to appeal to the Court of Arbitration for Sport (Cas).
Swiss Blatter and 60-year-old Frenchman Platini have also been fined £33,700 ($50,000) and £54,000 ($80,000) respectively.
Despite the ban, both Blatter and Platini will be allowed to attend matches - including Euro 2016 in France - if they buy tickets in a private capacity.
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.
Key point of Fifa ethics statement
- The payment made in February 2011 had "no legal basis" in the contract signed by both men when Platini started working for Blatter on 25 August, 1999.
- Both men's explanation that there was an "oral agreement" over the payment was rejected as "not convincing".
- Blatter's actions did not show "commitment to an ethical attitude", and both men were found to be in "a conflict of interest".
- Platini also failed to act with "complete credibility and integrity" and showed "unawareness of the importance of his duties".
- The committee said there was "not sufficient evidence" to establish the payment was a bribe, but both men demonstrated an "abusive execution" of their positions.
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