Yeah they may be the governing body of football, and in terms of footballing rules, Chelsea don't have a chance. But that doesn't mean they can legally enforce this, and as we saw with Bosman a long time ago, the courts decision is what finally matters.
You have to wonder if preventing a company from getting new employees (which that can argue will damage the company) is actually legal. If not and it went to a european court, this would be overturned no matter what Fifa say. I expect the transfer ban to be frozen while the appeal is ongoing. The appeal could last a long long time, and by then it may well be 2011 and so it won't matter anymore
Well chelsea aint any ordinary company, its a company that not the same as any old other company. Its runs its business playing football and it has broken a rule, it need to be punished. The fact that they a company and cant emply people is ridiculous, then why was liverpool banned from europe? We could argue, ITS SILLY TO BAN lierpool from europe, cos they banning a company for carrying out its trade!