Now that the Premier League transfer window has closed, our new player auctions will be completed by 8pm Thursday.

The list of players is on the WhatsApp group and managers MUST request to be added to a player.

We will then open up the sealed bids for the first time on Friday at 8pm.

Results for this round will be published and 2nd bids will be required before 8pm Sunday.

That will give us time to have another round of sealed bids on the usual Wednesday before the league starts again the following weekend.

For all deals so far, click here.

On the post-auction Sunday the auctioneer's data was loaded into the master computer, only to reveal that a manager had overspent.

Not only was it a significant £1.2m, but they had also purchased a premium forward with money they didn't have.

After 48 hours of SFP committee discussion about various proposals to right the wrong, it was decided the manager in question would face the following:

* The affected player should remain with that squad
* The team would instead face a 40 point deduction.
* They must immediately return a player(s) at their cost value to wipe out their deficit.
* They will be banned from taking part in any new player auctions, and transfers of any kind until 1st September.
* The player in question would be cup-tied in the SFP Cup.

It was then revealed that the manager in question was FC Chuggernaut chief, Ed McNamara. The player in question was forward Jamie Vardy. As soon as he was notified, he issued the following statement:

"I have been made aware by the Chairman that at the auction one manger overspent his budget."

"Originally I assumed it wasn’t me as my tally added up correctly on the team sheet. Regrettably the mistake was made when recording the amounts I paid for Perez (1m)  and Bergwijn (0.2), or more likely when I rewrote my sheet where I recorded both as free. Which on a couple of other sheets have been verified."

"First of all I apologise unreservedly to you all. Realistically by that stage manager Jermy Snr. was worst affected, as with the money I assumed I had left I outbid him on Vardy, and for that I'm extremely sorry."

"I’m happy to accept all the penalties, player loss and deductions set out. Also I’ve suggested he remains cup tied through the season so as not to cause any other issues."

"No appeals . Genuine error."

Regards

Ed

Auction 27 will go down as potentionally the quickest in history, with 275 players auctioned off in under 5 hours - a rate of one every minute. The need for speed was a portion of the managers desire to watch the Lions V South Africa rugby later in the day, a decision that may come back to haunt some of them ...