You may be right, but there is an alternative theory.
It was briefly highlighted at the time of the takeover but whilst the club escaped the 15 pnt deduction & other sanctions by paying (at least) 25p in the £ to non football creditors, there are always other conditions attached to a club by the EFL when coming out of administration.
One of these, and the one most applicable to Latics is that a club has to stick to the spending & funding plan that it submitted to the EFL as part of it's takeover bid - & this has certainly been mentioned by Brannigan on at least a couple of occasions
I think it was widely acknowledged that getting promoted last season was a bit ahead of schedule so maybe the 2nd year budget in the funding plan was always based on being in Lge1 & this is hampering our recruitment
If there was a genuine move for looking for more investment, maybe this was a way round the EFL's financial restrictions on us.
This is all theorising but I think it's a likely possible scenario
Even if it isn't, personally, if Latics owners are controlling the purse strings so that the club is running within its means then I'm completely in favour of it
We know the EFL are understandably going to keep an eye on any team coming out of admin to make sure they aren't going crazy, but not to the point it would stop you signing anyone. We see this demonstrated by the fact Reading are under EFL restrictions and have signed a lot of experienced Championship players on frees and loans.
If we set a financial plan thinking we'd still be in L1 this year then it would obviously stop us spending big wages, but unless the plan was to spend nothing in the second year then it wouldn't stop us bringing in players on frees and loans on reasonable wages to at the very least replace those 5 ot 6 that left.
If the EFL rules were impacting our ability to signing anyone why wouldn't anyone within the club say as much when asked about recruitment?
Any spending plan would surely be based on income, so the fact we have gone up would surely have adjusted that a little?
I also think it would be strange that we would plan to be so ambitious in the first year paying the likes of McClean and Wyke big wages and then pull back so much in the second year. You'd imagine that there may be a bigger investment initially but there would still be some room to work with in the second year.
Every club has to cut their cloth accordingly with even the really financially poor teams at lower levels bring in players every year, we said we were planning for promotion in advance so if we hadn't been able to afford proven big name Champ players you'd think we'd have had the next best realistic targets lined up.
I think we are going to eventually get some players in in some capacity but the total lack of incomings by this stage, the strangely short initial 1 year deal for Nyambe, the pens tweet with no follow up for weeks, the stories of financial issues - it just doesn't seem quite right.