FIFA clear Real Madrid

FIFA have cleared Real Madrid over allegations of "poaching" for Cristiano Ronaldo,currently under contract with Manchester United.
Newspapers both in England and Spain have been abuzz with conflicting reports about the future of Ronaldo currently with Portugal at the Euro 2008.
FIFA's issued statement read :

"We can confirm that we received last week a formal complaint from Manchester United related to the player Cristiano Ronaldo and the club Real Madrid. From the documentation received, no breach of contract appears to have occurred yet.

"Therefore, in accordance with the applicable practice, no kind of formal procedure has been opened by FIFA regarding this matter.

"The Spanish Football Federation has been informed of the complaint lodged by the English club and been asked to remind its member club Real Madrid about the potential legal consequences of a breach of contract without just cause during the protected period and of a possible inducement to such a breach of contract, as established by the FIFA Regulations on the Status and Transfer of Players."

The story had earlier been reported here.