Not a major overhaul, but we definitely need to address specific areas of the team.Unfortunately, you're probably right about any monies being available.
Bringing in 4 or 5 players of a proven top half Premier League standard is unlikely because of transfers and wages. Bringing in half a dozen lower league players is too risky on top of what we have. Doing very little, especially to the defence and midfield strength, relies too heavily just on our younger players gaining experience from this season. Hopefully we'll attempt a minor overhaul, if that's not a contradiction in terms.
I still think RL is more concerned about the wage structure than not spending on transfers. IF a few £40k+/week players can be jettisoned in the summer, I think RL will sanction some decent transfer values, provided the new contracts are less than around £40k/week. I expect what value is perceived as 'decent' will vary amongst most!
If we re-contract Benteke (possibly the only exception to offering less than £40k/week), it will be a great start.