The board put together a budget at the start of the season,...
...which the members ratify and agree.
And they might say we would rather the money was spent here rather than there,...
...but we come to a collective decision,...
...and we give the manager a playing budget,...
...and the manager can go out and he can sign whoever he wants within that budget.
If he wants to go above that budget he will come back to the board and he will say...
"Guys, it is January."
"I would like to bring in a loan player for two months,..."
"...it is going to cost roughly this much."
"What can you do for me?"