Real, Atletico banned from transfer market
14 Jan 2016 / 20:50 H.
Ban bros: Diego Simeone and Carlo Ancelotti will be hamstrung in the transfer market. REUTERS
ZURICH, Jan 14, 2016 (AFP) - FIFA on Thursday banned Real Madrid and Atletico Madrid from buying players for one year over their dealing in under-age players.
The ban will start from the July transfer window this year and finish with the January transfer market in 2017.
Atletico were also fined 900,000 Swiss francs (RM3.9 million) and Real 360,000 (RM1.57 million).
"The two clubs were found to have violated several provisions concerning the international transfer and first registration of minor players as well as other relevant provisions with regard to the registration and participation of certain players in competitions," said a FIFA statement.
Barcelona has just ended a one year ban for similar reasons.