Nigel has come out and said McClaren will be backed with funds though from what I hear we have some gems in the Academy who are ready to ripe + several players to sell like...
Also we still could lose more players on a free (Tyson, Adebola, Wilson so far) so that opens up more of the wage bill. We do look set to get Andy Reid on a free + Keith Tracey from Preston in exchange for Paul McKenna. I would love to try and hijack Burnleys deal for Jack Cork, get St Ledger from Middlesbrough and try for a few loan PL signings to plug the other holes with Academy players being given a chance...
If theres one thing McClaren can do, that is get the best talent from the Academy and blend it with the first team players.