Sounds interesting... can I just confirm my understanding...

1. once I've bought a player, I can hold him for as long as I like until I decide to sell?
2. I can only ever hold a maximum of 11 players based upon the formation mentioned above?
3. There's no limit on how many people can join - so if there are 80 players, then you've just got to be the quickest.
4. Sales are made back to "the market" so a sale is guaranteed - rather than waiting for another player to buy at the required price?
5. What happens if a player's Loaned out or leaves the Premier League on a permanent transfer?
6. No limit to how many players you can buy from each team (other than the obvious 11 limit)?

Sorry if you covered any of these already!