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Two-time World champions failed to make it out of the group stages in last two World Cups

The plan would have allowed private investors to acquire stakes in a company created under the FIFA Forward Enterprise (FFE) initiative.

Nov. 18 is the deadline for candidates to enter the next presidential contest, exactly four months ahead of the vote.

Heat is on FIFA chief as influential federations want accountability

"FIFA thanks Kevin for his two years of service and wishes him the best of luck for the future. No further comment will be made on the matter."

The backing came from 2030 World Cup co-host Morocco, Qatar, Egypt, Mauritania, Lebanon and Sudan, with four of the signatories being FIFA council members.