"Head Coach" - I read that as "we're not going to buy the players you want mate, so don't even think about it"
So, we're not spending the £25m we've took in from Tav and Spence, not anytime soon anyway, and not on players the managers (head coaches) want.
I think we've given up on promotion in the next couple of years, and are still looking at trimming bills, and more looking at buying development players, so I don't expect too much for the next couple of years. Maybe it will be better for us long term, if the recruitment pays off, but we've got no great history of doing that.
I don't see what Woodgate can do as 1st team coach either, what's Carrick gonna do in his spare time, when Woddy's coaching the side, it's not like he's going to be managing, or looking for players, as someone else will be doing that. Seems like Woody is a cost-saving measure, as he's not exactly got a great track record, and not the sharpest tool in the box.
Maybe Carrick will be "the manager", but not when it comes to ultimate decision-making, seems to me it's going to put him in an awkward position, but hope he does well. It's going to be touch for him.