Therefore, the clubs won’t be signing new players in the next two transfer windows, after losing their initial appeal to the original ruling made in January 2016.
As a result, Atletico are expected to pay a fine of 900,000 Swiss francs (£622,000) while Real will have to part with 360,000 Swiss francs (£249,000). Both clubs would also be unable to sign players until 2018.
‘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’, a FIFA statement reads.Though, the Spanish sides could still sign players this winter, pending a ruling from their appeal to the Court of Arbitration for Sport.
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