Real Madrid and Atletico Madrid banned from signing new players for two years

FIFA has suspended Spanish giants Real Madrid and Atletico
Madrid from signing new players from now till January 2018
following irregularities in the signing of minors.
The two clubs went to a FIFA court to contest the ban
handed to them for not properly signing players under the age
of 18 earlier this year, but in a new statement released today,
the world's football governing body say both clubs have been
suspended from making transfers for the next two years and
have been fined £278,000 and £696,000 respectively.
The FIFA statement reads:
“The FIFA Appeal Committee has decided to reject the
appeals lodged by Spanish clubs Atlético de Madrid
and Real Madrid and to confirm in their entirety the
decisions rendered by the FIFA Disciplinary Committee
in the respective cases relating to the protection of
minors.
“As such, both clubs are to serve a transfer ban that
prevents them from registering any players at national
and international level for the next two complete and
consecutive registration periods for breaching articles
5, 9, 19 and 19bis as well as annexes 2 and 3 of the
Regulations on the Status and Transfer of Players (the
“Regulations”).

“The transfer ban applies to each club as a whole —
with the exception of the women’s, futsal and beach
soccer teams – and does not prevent the release of
players. “Additionally, Atlético de Madrid and Real
Madrid have been fined CHF 900,000 (£696,000) and
CHF 360,000 (£278,000) respectively, while both clubs
have been issued with a reprimand and a warning and
given 90 days in which to regularise the situation of all
minor players concerned.
“The grounds of the decisions taken by the FIFA
Appeal Committee were communicated to the parties
concerned today. “For further information concerning
the protection of minors, please read the FAQ
document.”
Real Madrid also reacted to the news with their own
statement. Theirs read:
” In light of today’s decision by the FIFA Appeal
Committee, Real Madrid C. F. wishes to communicate
the following:
“1. The club regrets said decision, understanding it to
be deeply unjust and contrary to the fundamental
principles of disciplinary law.
“2. The club will begin the appropriate appeals
procedure before the Court of Arbitration for Sport
(CAS), requesting that the decision be completely
overturned, with absolute confidence that said
organisation will come to an entirely favourable
decision.
“3. Real Madrid C. F. will request that the procedure
be undertaken in an urgent manner in order to obtain a
decision from the CAS as quickly as possible.” Real
Madrid’s only summer business was to re-sign Alvaro
Morata, while Atletico brought in Kevin Gameiro and
Nico Gaitan as major transfers.