Real Madrid and Atletico Madrid lose transfer ban appeals

Real Madrid and Atletico Madrid have lost appeals against Fifa bans on signing players in the next two transfer windows.

The Spanish clubs contested a decision by football's world governing body to punish them for breaching rules over the transfer of players under 18.

"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," said a Fifa statement.

Atletico were fined 900,000 Swiss francs (£622,000), while Real were told to pay 360,000 (£249,000).

Fifa's statement added "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".

This breaking news story is being updated and more details will be published shortly. Please refresh the page for the latest version.

For more breaking news from BBC Sport, follow @BBCSport on Twitter. The BBC Sport app also allows iOS and Android users to get the latest sport stories right on their device’s home screen. For more information, visit our help page.