Reading General Krulak's posts on the matter of new manager, its all 'taking our time to get the right man in.' The right man is more important than a quick appointment.
Now to me, if the new manager isn't in place in time to work the transfer window, I expect the appointment to be someone **** exceptional.
If its not, then there is no way the procrastinating is justified. New players are vital, for so many reasons. The loss of Milner, no reserve left back, just keeping with the team competitive within the top 6. To name a few.
If the new manager isn't an exceptional candidate, and its too late to make transfers. Its sure as hell going to look like a deliberate play not to spend money. And to fans and players, that will be a PR nightmare.