Spreading it over multiple years will help re FFP compliance (although the Chelsea loophole has been closed this summer - transfer fees will now only be amortised over a maximum of five years, regardless of contract length). However, this won't help if we've got cashflow problems. Cash in hand was £73m on 31 March, but we've borrowed £200m on credit to pay for recent transfer activity and we still have a further £235m of trade payables due within 1 year.
It's been widely assumed that the Glazers will allow us to continue to fund player purchases with credit during the sale process, but if this proves not to be correct, United will need to structure deals this summer so that as little as possible of the transfer fee is paid up front, to prevent us quickly running out of cash. Blowing our load on Caicedo might not be the smartest move if we also want a striker and a goalkeeper.