Rangers were the only Scottish Premier League club to write a significant sum on their cheque book during January's transfer window.
But, even for them, there was little in the way of negative movement in their bank balance as they reinvested the £8m received for Jean-Alain Boumsong.
Celtic splashed out in the form of wages to sign controversial Wales striker Craig Bellamy from Boumsong's new club, Newcastle United, on loan.
His capture by the reigning champions in the final hours of the transfer window could prove the most significant in the race for the title.
But Rangers will hope that the return, an hour before midnight, of former captain Barry Ferguson from Blackburn Rovers for £4.5m will be enough to compensate for the loss of goalkeeper Stefan Klos to long-term injury.
The rest of the cash-strapped SPL has largely had to make do with free agents or loan deals as they compete for the lower placings and to avoid relegation while avoiding the plunge into administration suffered by some clubs last season.
In: Richie Byrne, defender (Dunfermline Athletic, £50,000), Sasa Ilic, goalkeeper (Blackpool), Thorarinn Kristjansson, striker (Keflavik FC), Markus Paatelainen, midfielder (FC Kooteepee), Mikko Paatelainen, striker (FC Kooteepee), Jamie Winter, midfielder (Leeds United).
Out: Steve Tosh, midfielder (Gretna)
In: Craig Bellamy, striker (Newcastle United, loan), Stephane Henchoz, defender (Liverpool), Theodor Bjarnson, midfielder (KP Reykjavik), Kjartan Finnbogason, striker (KP Reykjavik), Jacob Lensky, midfielder (Surrey United)
Out: Kevin McBride, midfielder (Motherwell), Henri Camara, striker (Wolverhampton Wanderers, loan return), Michael McGovern, goalkeeper (Stranraer, loan)
In: Joel Kitamirike, defender (Mansfield Town), Tom McManus, striker (Hibernian)
Out: Jonay Hernandez, defender (released), Dougie Cameron, midfielder (Peterhead), Neil Jablonski, midfielder (Raith Rovers); Chris Hegarty
In: Stevie Crawford, striker (Plymouth Argyle, £80,000), Lee Mair, defender (Stockport County, nominal), Nick Colgan, goalkeeper (Barnsley)
Out: Chris Innes, defender (Gretna), Steven Bell, defender (Queen of the South), Scott Paterson, defender (Partick Thistle, loan), Aaron Conway, striker, Paul Jarvie, goalkeeper
In: Georgi Hristov, striker (FC Zwolle), Jesper Christiansen, striker (kidderminster Harriers), Lee Makel, midfielder (Plymouth Argyle)
Out: Craig Brewster, striker (inverness Caledonian Thistle), Richie Byrne, defender (aberdeen, £50,000), Pat Clarke, striker (Raith Rovers), Thomas Butler, midfielder (released), Stephen Bradley, midfielder (released)
In: Deividas Cesnauskis, midfielder (FBK Kaunas, loan), Mark Burchill, striker (Portsmouth), Marius Kizys, midfielder (FBK Kaunas), Saulius Mikoliunas, midfielder (FBK Kaunas), Lee Miller, striker (Bristol City, loan), Hjalmar Thoraninsson, striker (Reykjavik), Mark H Forker (Institute)
Out: Robert Sloan, midfielder (St Johnstone), Mark de Vries, striker (Leicester City, nominal), Alan Maybury, defender (Leicester City, nominal), Chris Gardiner, striker (Clyde); Conall Murtagh, midfielder (Raith Rovers)
In: Antonio Murray, midfielder (Ipswich Town), Chris Hogg, defender (Ipswich Town), Ivan Sproule, midfielder (Institute, nominal), Amadou Konte, striker (Cambridge United)
Out: John Kane, midfielder (Motherwell), Tom McManus, striker (Dundee), Craig Rocastle, midfielder (Chelsea, loan return), Stephen Dobbie, striker (St Johnstone, loan), Colin Murdock, defender (Crewe Alexandra)
Inverness Caledonian Thistle
In: Bajram Fetai, striker (Rangers, loan), Craig Brewster, striker (Dunfermline Athletic), Ian McIntyre, goalkeeper (Ross County), David Watson (unattached)
Out: Paul McMullan, defender (Raith Rovers)
In: Simon Ford, defender (signed permanently), Liam Fontaine, defender (Fulham, loan)
Out: Eric Joly, midfielder (Oostende), Mickel Wolski, defender (released), Paul di Giacomo, striker (Stirling Albion, loan), Shaun Dillon, defender (Morton, loan), Craig Samson, goalkeeper (St Johnstone, loan), Mark Canning, midfielder (Stirling Albion)
In: Jamie Hand, midfielder (Watford), Ferenc Horvath, striker (FC Videoton), Attila Kriston, midfielder (FC Videoton), Gabor Vincze, midfielder (Gyori Eto FC), Greg Strong, defender (Boston United), Eric Deloumeaux, defender (Coventry City), Mark Wilson, midfielder (Middlesbrough, loan)
Out: Jim Hamilton, striker (Motherwell), Alan Kernaghan, defender (Falkirk), Stuart Lovell, midfielder (Queen of the South), Steven Boyack, midfielder (Boston United), Scott McLaughlin, midfielder (Morton, loan), Eamon Fullerton, defender (Raith Rovers, loan)
In: Jim Hamilton, striker (Livingston), John Kane, midfielder (Hibernian), Kevin McBride, midfielder (Celtic)
Out: David Cowan, defender (St Johnstone), Alex Burns, striker (Clyde, loan)
In: Barry Ferguson, midfielder (Blackburn Rovers, £4.5m), Thomas Buffel, midfielder (Feyenoord, £2.3m), Sotirios Kyrgiakos, defender (Panathinaikos, £1.75m), Ronald Waterreus, goalkeeper (Manchester City, £100,000), Bojan Djordjic, midfielder (Manchester United), Jukkla Santala, defender (HJK Liga)
Out: Jean-Alain Boumsong, defender (Newcastle United, £8m), Stephen Hughes, midfielder (Leicester City, £100,000), Paolo Vanoli, defender (Vicenza), Craig Moore, defender (Borussia Monchengladbach), Chris McLeod (Arbroath), Allan Orr (Gretna), Bajram Fetai, striker (inverness Caledonian Thistle, loan)