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Scardino told BBC Radio Nottingham:
"Billy will have the resources to build on a solid financial basis" the Chairman said.
"But we're not going to be going out into the market and spending 2 & 3 Million bringing in a new group of stars, we cannot go on overspending" he added.
Boss Billy Dearden has brought in only 2 players during his time at Notts, Whitley has come in on loan twice and Simon Ramsden arrived in August on a season long loan from Sunderland.