Redemption
One less gobshite...
The issue with aligning the transfer windows with the accounting period is which way around.Align the PSR and the transfer windows, it's not rocket science.
If you let the accounting period go to to the end of the transfer window as it stands, part of your seasonal incomes get confused. Maguire made a good point about this vis Luton - their entire promotion season netted them less revenue than just the first month of their EPL season. it would be quite messy.
If you bring the transfer window to end before the new season kicks a ball, you have to do all your business early, but this would have been difficult for play-off winners like Forest; it was a challenge as it was. In addition, if this is only an EPL rule, then the transfer window outside of the league would make it harder to bring in decent players because other leagues would benefit from the extra month or so.
The EPL did try to close the transfer window before the season started. There was no opposition from any club to extending it again. The trial lasted a single season.