The board have got look at this situation in 3 ways.
1) Go for experienced manager, if they don't give him money for players, at least give him money for coaching to get the best out of the current players.
2) Go for the inexperienced cheap manager option, but give him money to buy good players to compensate for his inexperience.
3) Seriously step up the advertising for investment or buyer for the club, saying it on the radio and a poxy youtube video, won't cut it. Advertise in the broad sheets and business papers. Go to business conventions.