German soccer federation president Reinhard Grindel has resigned and apologized for accepting a luxury watch from a Ukrainian oligarch.
File photo: AP
Grindel's resignation comes after allegations that he hadn't been open about outside earnings and because of general discontent with his leadership.
Grindel says "everyone who knows me knows that I am not greedy and have been dealing with compliance issues for years."
The federation says vice presidents Rainer Koch and Reinhard Rauball will take over on an interim basis until September.