London (PTI): Embattled British Prime Minister Boris Johnson on Thursday finally agreed to step down as the Conservative Party leader, triggering a leadership election for a new Tory leader who will go on to become the new premier, according to reports from Downing Street.

Johnson, 58, will remain in charge at 10 Downing Street until the process of electing a new leader is completed by the time of the Conservative Party conference, scheduled for October. He is expected to formally announce his resignation and address the nation later on Thursday.

The move came after days of high drama and a steady stream of resignations from his Cabinet since Tuesday and just minutes after his newly appointed Chancellor to replace Rishi Sunak wrote a public letter calling for him to go now .

Nadhim Zahawi, the Iraqi-origin minister seen as a frontrunner to replace Johnson in 10 Downing Street, wrote a damning letter that openly questioned his boss' authority and demanded his exit.

While not officially resigning from his new Cabinet post, the 55-year-old minister said the time was up for Johnson.

"Prime minister, you know in your heart what the right thing to do is, and go now," he signs off.

His demand came in the wake of over 50 resignations since Johnson's apology on Tuesday, after days of changing messages from Downing Street over the hiring and handling of the now-suspended Chris Pincher, who quit as Deputy Chief Whip in charge of Tory party discipline last week after admitting drunken misconduct.

It comes in the wake of the partygate scandal of COVID law-breaking parties in Downing Street, which had resulted in a no-confidence vote last month which Johnson just about survived.

His resignation will now trigger a fierce leadership battle within the Conservative Party. The 1922 Committee is responsible for setting the timetable for a Tory leadership contest.

To take part in the race, a Tory MP has to be nominated by eight colleagues. If more than two MPs put themselves forward and secure enough nominations to run for leader, a series of secret ballots are held to whittle them down.

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Barcelona (AP): Real Madrid slapped players Federico Valverde and Aurélien Tchouaméni with half-a-million-euro ($588,000) fines on Friday for their altercation during practice.

The massive fines came a day after the midfielders tussled when the team trained. Valverde said in a post on social media on Thursday that no punches were thrown. But Valverde knocked his head on a table and he suffered a small cut that required a brief hospital visit.

On social media, Valverde initially called it a “meaningless fight” with a teammate and said “everything has been blown out of proportion."

His employers, however, considered it a significant enough breach of team discipline to nail both Valverde and Tchouaméni with fines that bite even the bank account of a top soccer player. The half-a-million euro penalties reflect the reputational damage the club was enduring in a chaotic end to a disappointing season.

In a statement, the 15-time European champion said its disciplinary action was concluded after both players expressed to the club “their complete remorse for what happened and apologized to one another.”

Madrid added they also apologized to their teammates, the coaching staff and club supporters, as well as showing their willingness to accept whatever disciplinary action the club deemed “opportune.”

Tchouaméni was back training with Madrid on Friday, two days before they play at Barcelona in a clasico. Madrid has to win otherwise Barcelona will be crowned La Liga champion.

After being notified of the fine, he posted a public apology to the club and its fans on social media.

“What happened this week in training is unacceptable,” Tchouaméni wrote. "I say this while thinking about the example we are expected to set for young people, whether in football or at school.

“Above all, I am sorry for the image we projected of the club.”

Valverde was not at practice due to the head knock.

Both players are set to play in the World Cup next month, with Tchouaméni playing for France and Valverde for Uruguay. 

Chaotic end to a poor season

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The run-in between the players, who for seasons have played side by side in Madrid's midfield, came after they argued this week in previous training sessions. But tempers boiled over on Thursday. Spanish media was rife with reports that the players previously disagreed over the club's decision to let coach Xabi Alonso go after just months on the job.

It was not the only altercation involving Madrid players during training this week. Álvaro Carreras confirmed he was in a “minor” incident with a teammate. Spanish media said he and fellow defender Antonio Rüdiger got into a scuffle.

Álvaro Arbeloa, the coach who was promoted from Madrid's reserve team when Alonso was fired in January, will face tough questions on what went wrong inside the changing room when he gives a press conference on Saturday ahead of the clasico at Camp Nou.

Madrid is facing a second consecutive campaign without a major trophy amid rumors in the Spanish media that club president Florentino Pérez is considering bringing back Jose Mourinho to straighten out his underperforming team.