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In a surprise twist, the 64-year-old will continue to preside over the Brazilian football governing body, despite reports suggesting his reign was on the verge of ending

Ricardo Teixeira will stay on in his position as president of the Brazilian Football Confederation (CBF).

The leader of the Rio de Janeiro Football Federation (FERJ), Rubens Lopes, chaired a meeting on Wednesday and confirmed the 64-year-old would continue in his role as the head of the governing body.

During the conference, which was attended by the presidents of all 27 state federations in Brazil, the nature of discussions centered around the organisation's future, leading to speculation that Teixeira may quit.

However, Lopes dismissed reports he had previously handed in his resignation, and Teixeira will now prolong his stint as CBF president, a position he has held since 1989.

Teixeira has experienced a chequered reign in charge, with allegations of corruption surfacing last year, but will continue to lead his country's preparations to host World Cup 2014.

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