FIFA bans Real Madrid, Atletico Madrid from transfer market until 2017

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 was also fined CHF 900,000 (€820,000) and Real CHF 360,000 (€330,000).
"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.

Source: TheScore