I'm over budget too by about 15k.
Young isn't doing it for me at the moment though, Downing is doing really well.
Have signed: Pienaar, Alou Diarra, V.D.Wiel, Ninis (loan). Ninis is having a stormer. Diarra's been rubbish, I told him so and he got annoyed, told him I'm the manager and all that and he requested a transfer haha.
Sold: Carew, Salifou, Osbourne all on free's as couldn't get anyone to buy and wanted rid. Most reserves out on loan and Beye out on loan for 250k with agreed price of £4.7m Heskey is sitting in the reserves transfer listed. Managed to piss him off enough to get him to accept mutual termination but board blocked it due to excessive money.
Currently 3rd after 8 games, 4 won, 4 drew. James Collins is 5th best player in Prem so far. Ireland is the 4th although he got injured after 5th game and out for a month or so. He was playing brilliantly too. In a tough EL group with Atletico Madrid, Palermo, Zilina. Decided to play the 2nd string in every cup competition though. Beat Palermo at home, got smashed by Atletico away. Only lost 3-1 but could have been a lot more.
EDIT - Also through in LC after beating Stoke at home. Got Coventry away in 4th Rd. Lots of big clubs out already. Could get a good cup run at least.