I'm disappointed that he's gone, since we changed to 4-4-2 he's played very well. By the sounds of it, our offer was derisory (£300 less than before) so good luck to him at PNE.
We now need at least 3 central midfielders - a creative one, a tackler and somebody inbetween. I don't agree with people who say players like Welsh are easy to come by, yes league one and two is full of tackling midfielders, but I doubt you will find many as consistent, disciplined and as injury free as Welsh. If Navarro is his replacement, I think he's an inferior player - older, injury prone and not settled in the side.
Hopefully Ronnie has 3 midfielders lined up, I'm reserving overall judgement on the midfield situtuation until he's signed these players - but I feel losing Welsh could be a bigger loss than people perhaps appreciate at the moment. I don't think people can judge how effective he was as a captain based purely on what happens on the pitch (There seems to be this subliminal view that a good captain has a head bandage like Terry Butcher and runs around screaming like Stuart Pearce) - a captain's job is much more in the dressing room and at the training ground etc, unless you're there it's hard to judge.
As for a new captain I would give it to Holmes - He's from our youth system, he's always pushing the team on, he's consistent and he's had to come back from adversity in his career (been released by Tranmere): a good example for other players.