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The 85-year-old Blatter and 66-year-old Platini now face a trial within months at federal criminal court in Bellinzona.
Planned as a romantic one-off event, Euro 2020 has already shown us heroism on the field, activism at a press conference, and a Cinderella story.
Qatar was named to host the World Cup in a decision that triggered controversy over its suitability amid allegations of corruption that ultimately sparked FIFA's worst ever scandal five years later.
In December, the ethics tribunal banned Blatter and Platini for eight years, saying they had abused their positions over a million payment made to Platini in 2011 for work carried out between 1999 and 2002.
Speaking in Zurich, symbolically at the site of FIFA's former headquarters, Blatter said he would first take his case to a FIFA appeals committee before challenging his suspension at the Court of Arbitration for Sport in Lausanne.
Both were "immediately" banned from all football activity. Blatter, FIFA's president since 1998, was fined 50,000 Swiss francs (USD 50,000/46,300 euros).
Sepp Blatter, the Swiss who has been president of the global soccer body FIFA since 1998, was suspended on Thursday by the association's ethics committee. The 79-year-old is currently facing a Swiss criminal investigation.
The 79 year old Blatter was already set to quit in February next year, but having been placed under a criminal investigation by Swiss authorities, the end could come a lot sooner.
UEFA president Michel Platini ended weeks of uncertainty on Wednesday when he announced that he would stand for the presidency of FIFA in place of outgoing Sepp Blatter.
Former FIFA Vice President Chung Mong-joon plans to officially announce his candidacy for president of soccer's world governing body during a visit to Europe next month.
FIFA President Sepp Blatter announced a reform taskforce to try to leave the troubled body in better shape when he finally stands down after a new leader of world football is elected in February.
A majority of UEFA's member associations will vote for Jordan's Prince Ali bin Al Hussein to succeed Sepp Blatter as the next FIFA president, UEFA President Michel Platini said on Thursday.
Michel Platini was re-elected unopposed as president of European soccer's governing body at the UEFA Congress on Tuesday while FIFA counterpart Sepp Blatter announced he would not stand again after 2015.
