i'd sign Naughton for £2m but not Davies, unless the 3rd wheel in our new ownership structure is willing to kick in 10m to get us promoted without damaging the clubs finanical footing.
Naughton is younger and less injury prone, so he'd be my priority. We have Bamba, Morrisson, Hobbs, Mee and a potentially returning Tunch at centre half. with Mee, Morrisson and Bamba all having experience at full back.
We should then concentrate our attentions on getting any one of Heskey, Carew or Yakubu for the rest of the season at least + potentially another left back loanee of similar standard to cunningham.
With the money from fryatt's sale we should be looking relatively ok?