FIFA is facing what general secretary Jerome Valcke agreed was a "watershed moment", with the crisis being compared to the Salt Lake City corruption case the International Olympic Committee had to deal with in 1998.
Since then the IOC has strictly controlled the bidding process, banning all members from travelling to candidate cities unless they are part of the official evaluation commission.
Blatter will need to provide more detail on his own plans if he is to satisfy critics he is equally serious about reform.
The Swiss has led FIFA through a period of unprecedented prosperity on the sale of TV rights and sponsorship.
The financial report submitted to delegates on Wednesday showed reserves of $1.3 billion, with TV rights for the 2010 World Cup in South Africa having brought in $4.2 billion between 2007-10.
Behind the money and the glitz, however, the game's reputation has been put under the microscope after an outbreak of corruption allegations and the suspension of Bin Hammam and fellow executive committee member Jack Warner.
The two men, who are facing an investigation into bribery claims in the election, have denied any wrongdoing.
In another twist, Chuck Blazer -- an American whose whistle-blowing led to the suspension of Bin Hammam and Warner -- was sacked on Tuesday from his position on CONCACAF.
An hour later, that organisation, which runs soccer in North and Central America and the Caribbean, declared the dismissal invalid but the split deepened on Wednesday as acting president Lisle Austin insisted Blazer had indeed been lawfully dismissed.
The internal chaos magnified the drama surrounding the FIFA Congress in Zurich.
Before the election, Swiss President Micheline Calmy-Rey called for swift FIFA reform, telling delegates the ruling body needed to "take seriously" the criticisms voiced about corruption.
"What is important is to restore full confidence in the organisation; let not money spoil your ideals," she said.
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