12 August 2005 Former Real Madrid President Buys Parma Former Real Madrid president Lorenzo Sanz have bought Parma. A statement read : "Parma AC S.p.A announce that they have accepted an irrevocable proposal to buy 100% of the shares from the Spanish business Inversiones Renfisa S.L, led by Lorenzo Sanz, former President of Real Madrid. The transfer of the ownership and payment, one instalment having already been received, is expected by September 20." Scholes Extends Contract Paul Scholes has signed a four year extension to his Manchester United contract tying him to the club until he is 34. 11 August 2005 Depor Receive Bayern Pay-Off Bayern Munich have paid €500,000 to Deportivo in compensation after breaking a clause in their contract when signing Roy Makaay last season. As part of the transfer Bayern agreed to play in a pre-season tournament in Coruna. 10 August 2005 Nafti Ruled Out For Season Birmingham's Tunisian midfielder Mehdi Nafti has been ruled out for the rest of the season after suffering a knee injury in a pre season friendly against Deportivo.