Your right in that some of the names being banded about, Jack Ross, Kenny Deuchar etc, aren't too good, I think the deal with Famagusta for Charamboulous(SP?) is a bit more promising than you make out.
Famagusta are a Champions League team who waived their fee for a sell on clause, rather than him being released, so they obviously feel he has the potential to be a good player and make them more money that way. The deal was also the start of a link-up with them, so that probably made negotiations a fair bit easier too.