sepp blatter is 78. he is after a fifth term in the job when the election is held on the 29th of may. prince ali, we heard from him today, announced his plans on twitter. he said that he is seeking the fifa presidency because he believes it is time to shift the focus away from administrative controversy and back to sport. he said it wasn't an easy decision and came after careful consideration and many discussions with respected fifa colleagues over the last few months. the world's game he said, deserves a world class governing body a service organization and a model of ethics transparency and good governance. alex, does he stand a chance? >> it's going to be very difficult for him to oust sepp blatter blatter, who's been in charge for 17 years and a red-hot favorite to win the election on may 29th which will take place at fifa's headquarters in zurich. prince ali has been described as a credible challenger although he did say it would be tricky for him to win. his problem is where does he get his support

>> and does sebb blatter have a fight on his hands to head fee for -- fifa?y with us. >> welcome back. oil prices just keep dropping like a stone. the cost of u.s. crude stumbled to less than $50 a barrel, almost half of what it was last year. >> a new record low. consumers couldn't be happier but it has been catastrophic for oil-producing nations especially venezuela iran, and russia. those countries need oil about $70 a barrel just a pay the bills. >> a glut of oil supply, including from new sources like fracking is just one region for the crash -- reason for the crashing prices. >> fracking has led to a huge upsurge in oil production in the u.s. but the extraction process is a costly business, and companies depend on high oil prices to break even. recently saudi arabia pushed through a decision to keep opec production levels unchanged despite increased u.s. output. together with weak demand, that helped depress the price of crude. venezuela and russia have been hit hard. their governments need oil revenues to balance budgets and it is estimated that the sl

and blatter's leadership. blatter had been president since 1998. i think there's a sense in any organization to move forward. every now and then you need fresh blood. >> and specifically luis figo says it was the decision last year not to publish this corruption report by the u.s. lawyer michael garcia that prompted him to run. at the very least, fifa has to acknowledge it has a massive perception problem to deal with right? >> fifa has an enormous problem. figo said himself i think that when you ender it the name fifa into an internet search engine, the other word this comes up is scandal. and i think the weight of controversy that's surrounded fifa for the last four or five years serial one of the major problems. all the candidate who have stood or thought of standing and haven't have said that the great problem is this reputation or chasm really between fifa and -- >> as bad as things are, in the few seconds we have left is it likely anyone is going to beat blatter? >> well the practicality is no. blatter remains overwhelming favorite to be in o

now ginola says he wants to be the next president of fifa standing against sepp blatter.not clear, though if he'll have enough support to stand. well, david ginola's in london right now and he has been talking to our sports correspondent, natalie parks, who's just raced from meeting mr. ginola to the "gmt" studio. natalie, what have you learned about ginola's ambitions? >> well on the face of it he's incredibly passionate about it. he gave a very passionate speech about how he loves the game. how you can look into your children's eyes and see the love when they kick a ball. so far, so french very passionate. but i think there was a very healthy dose of cynicism from the press there. he's being paid a quarter of a million pounds by a very famous british betting company to run for president. >> so is this a stunt? >> well yes, essentially. i mean he is passionate about it and he feels that he wants change. he's calling it time for a reboot in futbol. he's calling on all fans to join team ginola. and the betting company has actually asked the public for money for this campai

sepp blatter will have a new challenge as head of fifa. jordan will be running for president. he made the announcement on tuesday on social media, he wrote it is time to shift the focus back to sport. he went on to say: >>> so what do we know about the prince from jordan apart from the fact that he is already a top special at fifa. he has held that position since 2011. he is also the head of the jordanian and west asia football federations. he successfully championed the lifting of fifa's ban of women in football. something some believe makes him a good candidate. >> we have known it for a while. it's not a huge shock that he is going to stand for this position. whether he can actually win, we don't know but what we do know is that he will have a lot of support estes specially among the european federations, he is very young, he is 39 years old. and he is seen as a reforming candidate. he championed women's football in particular think ban on wearing the head scarf which has revolutionized women's football in the middle east. and he is ver

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