Sepp Blatter and Michel Platini, once the two most powerful men in football, are facing jail after being formally charged with fraud and other offences over the £1.3 million (NZ$2.5m) payment that ended their careers.
Following a six-year criminal investigation begun in the wake of the Fifa scandal, the Office of the Attorney General of Switzerland (OAG) announced on Wednesday it had filed an indictment against the world governing body's former president and his heir apparent.
Blatter, 85, and Platini, the 65-year-old France icon, were facing trial within months at a federal criminal court in Bellinzona.
The pair have always denied any wrongdoing over the 2 million Swiss Francs payment, made the same year as Blatter's 2011 re-election.
But the OAG said in a statement: "This payment damaged Fifa's assets and unlawfully enriched Platini."