Atletico Madrid has agreed to not sign players in the January transfer while they fight a FIFA transfer ban at the highest court.
FIFA imposed one-year sanctions on Atletico and city rivals Real Madrid for signing underage players, which was in violation of transfer rules.
Diego Simeon’s club has since petitioned for the Court of Arbitration for Sport (CAS) to intervene, but also agreed to waive their right to suspend the ban for next January’s window while waiting for the case to be heard
In a joint statement between FIFA and the Madrid club, it was revealed that a timetable for the CAS has been agreed upon in order to give a final ruling.
The statement read: “In the appeal proceedings before the Court of Arbitration for Sport (CAS) in relation to the decision notified by the FIFA Appeal Committee on 8 September 2016 imposing inter alia a transfer ban on Atletico Madrid, both parties have agreed on a procedural calendar in order to allow the CAS to render a final reasoned award by 1 June 2017.”
“Atletico Madrid waived its right to seek suspensive effect of the appeal for the next winter transfer period following its initial request for the proceedings to be concluded by the first semester of 2017 and FIFA’s subsequent request for said waiver.”
“Even though Atletico Madrid completely maintains its position that the transfer ban is unjustified, it has decided to waive its right to seek suspensive effect for the next winter transfer period so as to ensure a procedural calendar that allows Atletico Madrid to fully present its case, while giving the panel sufficient time to thoroughly review all documents, consider all arguments and finalise the reasons before rendering its award.”
“Due to the confidentiality of the proceedings, the parties will not make any further comments on the arbitration prior to the final award being rendered.”
In the meantime, with an appeal to FIFA in the summer transfer window, Atletico had managed to sign several players including French forward Kevin Gameiro and Argentinian midfielder Nicolas Gaitan, while Real Madrid also bought Alvaro Morata back from Juventus.