The lack of arrivals will be a source of frustration not just to Holloway but to the supporters too.
Many will be questioning why the club has not spent more of the £40m earned from the Premier League as well as the £8m from the sale of Charlie Adam and DJ Campbell.
The manager has talked in the last week about how difficult it is to get Oyston to “loosen his grip” on the club’s money.
Oyston might well argue that he has backed Holloway, with 13 players signed since the end of last season, to replace the 15 either sold or released.
There can be no doubt, though, that deadline day didn’t go exactly as planned for the manager, who had spoken publicly about the importance of adding attacking players to his squad.
Now he will have to deal exclusively in the loan market until January, though Holloway has said he doesn’t have a problem with that.
In the Championship, clubs are allowed virtually as many loans as they like as long as no more than five are included in any match-day squad.
One man the manager has got his hands on is 31-year-old Sheffield United striker Daniel Bogdanovic for £250,000. The Malta international passed a medical on Wednesday.
“I can’t wait to step on the pitch,” said Bogdanovic, who has signed a one-year deal, with a further 12-month option, and will wear the No.13 shirt.
“I am totally focused on this adventure and I’m here to give my best for the team and for the gaffer.
“I played against Blackpool when I was at Barnsley and I always admired the way they played football.
“It is a dream move for me to play in a team with a manager who loves football. It is the perfect place to be.
“My first target is to get on that pitch and prove to everyone what I can do. I thank the gaffer and the management for the trust they have shown in me.”
Bogdanovic played in Europe before arriving in English football in January 2009, when he signed for Barnsley. He scored 16 goals in 45 games, form which earned him a move to Sheffield United last summer.
However, he struggled to make a real impression in a struggling Blades side which was relegated to League One. The Seasiders’ second signing is Baggies full-back Hurst.
Highly-rated and recently at the Under-20 World Cup as an England team-mate of Pool’s Matty Phillips, Hurst will add defensive cover. He has signed for the remainder of the season, though West Brom can recall the player at any point.