In our promotion-winning season, Frazier Campbell came in on loan and played a very significant part in helping us gain promotion.
Having been promoted, we brought in Paul McShane and Marlon King as our two UK loan signings, along with Kamil Zayatte as a foreign loan.
Once we reached the transfer window, we converted Zayatte to a permanent and lost McShane and King, replacing them all with an untried striker in Manucho, who turned out to be far closer to Kak than Kaka.
But have we learned a lesson?
So far, I've not yet seen us linked to a single loan signing, despite the fact we have the option of two Premier League loans and unlimited (I think) foreign loans.
I think this is a major untapped resource that we're not taking advantage of, as it gives us an opportunity to bring in players that we couldn't normally afford.
If we spend the money on wages rather than transfer fees, we'll get more for our money, at least in the short term, and the chances of prolonged Premier League status will increase.
Had we got hold of Federico Macheda, rather than Manucho, then our season could have ended very differently.
There are plenty of players that are knocking on the door of the first team at the big clubs who are not getting first-team football.
The likes of Ben Foster, Macheda, Jack Wilshire, etc. are players that deserve first team Premier League football but have little chance of getting it.
I think we should be looking at offering that opportunity—after all, it's in the best interest of all concerned.