Apart from Italy, many transfer windows are still open... How on Earth are they supposed to release the game with updated transfers?The squad is wrong too, how many years now is it they have not had the correct squads in at release - come on I just hope like the squad that the correct faces of other players in the squad gets updated too.
As soon as everything's fixed by September's first (or second, giving them a little more time) live update, it's alright.
By the way, if we got the chance to start the ML with outdated squads even after the transfer update I'd be a very happy person. This way you could start shaping your team straight away, instead of having to make do with players you maybe don't need but who don't want to go as they've just been signed.