There are 4 possible explanations for this I can think of and I'm not sure which is the worst:
1. They've really tried and did all the right things but, given the many challenges the club is facing, no players want to sign for us.
2. They've accepted relegation is probable, and decided not pay over the odds to buy in more crap players who are unlikely to keep us up and will only hamstring or finances further as we seek to get promoted at the first attempt.
3. We really are in more of a financial hole than we realise and the money from Gordon was needed to keep us afloat
4. Everyone at the club is an utter imbecile who can barely manage to stay alive, let alone run a business.