Found this interesting tidbit in a football365 article..

[Thaksinssoldier]

"However, because the club's financial year ends on May 31, it is from this date that UEFA's new regulations, which limit the money a club is able to spend beyond their break-even figure to £39million a year for the next three seasons, kick in."


If this is true,could we see City spend on our targets extremely quickly?

 

[Shaelumstash]

Not sure if we could exploit that as the transfer window doesn't open until June 1st, and it's July 1st for Europe

 

[Thaksinssoldier]

surely moneys could be lodged in advance of that date for player procurement,then put the registration through once it opens.

 

[richardtheref]

You are not even suppossed to be able to approach other clubs until the 1st of June. Makes you wonder how Utd are "near to completing" the De Gea deal..........

 

[pudge]

You are not even suppossed to be able to approach other clubs until the 1st of June. Makes you wonder how Utd are "near to completing" the De Gea deal..........

Well what about gareth mcauley's move to West Brom

 

[Skip Donoghue]

You are not even suppossed to be able to approach other clubs until the 1st of June. Makes you wonder how Utd are "near to completing" the De Gea deal..........

Well what about gareth mcauley's move to West Brom

Free agent

 

[richardtheref]

blueballs beat me to it. Macauley's contract expired on the last game of the season.

 

[bluemoondays]

You are not even suppossed to be able to approach other clubs until the 1st of June. Makes you wonder how Utd are "near to completing" the De Gea deal..........

I'm amazed at how many people believe this (not getting at you). Players can be bought and sold at any time in the year, their registration to the club can only be transferred in the specific time periods of January and the summer one starting in June. Obviously they can't play for their new club until the registration has been transferred at the league offices.

The only reason you don't see (many) transfers outside of these periods is a) if they buy someone still playing competitive football they could end up with a cruciate ligament injury or suchlike before the transfer of the registration happens and b) the buying club becomes responsible for wages and insurance, again, why do that if they aren't playing/registered for you (not 100% sure on the 2nd reason).

Madrid regularly pick up players in May, they've already signed a couple - teams wouldn't be doing it if it was illegal or not allowed.

 

[pudge]

You are not even suppossed to be able to approach other clubs until the 1st of June. Makes you wonder how Utd are "near to completing" the De Gea deal..........

Well what about gareth mcauley's move to West Brom

Free agent

Thats me told lol

 

[Blue Haze]

Wouldn't help us. The transfer fee is expensed over the life of the contract.