He's spent little (I think there was a modest undisclosed fee for Newell) on transfer fees but our wages commitment will have gone up plus probably some signing on fees for free agents and perhaps some loan fees.
I think the signing of players is dictated by one of two options :
1,Sign a free transfer, this allows us to pay out a competitive, short term wage (12 months) so the guy will come to RUFC, hence the recent "journeymen" signings.
2, Pay a transfer fee, which comes with a lower wage, hence the "young and hungry" signings.
I think combining the two (which is what most fans may want?), a fee and a competitive wage, does not seem to be in the business plan at the moment?