The Ian Murray situation was a bit different. We were the highest placed part-time club in the SPFL so we pretty much had the pick of part time players despite having a lower budget than other Championship clubs. Thus very decent players who had a good job were signed. Murray was a good manager for us too of course. The information on our budget came from a reliable source with knowledge of the situation. Clyde have a significantly bigger budget than Dumbarton, but even with David Goodwillie finished only a point above us. Falkirk had probably the biggest budget in the division and finished seven points above us. To put that in context we finished eight points ahead of Forfar. I just wonder what an extra £50,000 (around 25% of our budget) might have done had it been available.
I'm not certain of Montrose's playing budget but I see from their 2020 accounts that they were £385,874 in debt and that they lost £40k that year. Peterhead (who appear to be tenants of Balmoor and would appear to be surviving with board guarantees) were £634,123 in debt at May 2020 and lost nearly £220,000 that year. DFC's debt for the same period was £282,000 and they lost just under £60k.