FIFA on Thursday Sep 08,2016 dismissed appeals by Real Madrid and Atletico Madrid against a ban on registering new players in the next two transfer windows for irregularities in the signing of foreign players under 18.
Real Madrid, who called the ruling "profoundly unfair", and Atletico Madrid were also fined 360,000 ($358,000) and 900,000 Swiss Francs respectively.
However, the two Spanish giants -- last season's Champions League finalists -- have announced they will launch a final appeal to the Court of Arbitration for Sport (CAS)
"The FIFA Appeal Committee has decided to reject the appeals lodged by Spanish clubs Atletico 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," FIFA said in a statement.
Both clubs were sanctioned in January, but by appealing had temporarily held off the ban during the transfer window which closed last month.
They will now not be able to register any new players in either of the next two windows, in January 2017 and July-August 2017, before being able to do so once again in January 2018.
Note
FC Barcelona served a similar ban in 2015, with an appeal to CAS proving unsuccessful in their case
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