Sheffield United have admitted that the current harsh financial situation was a major factor in striker James Beattie being allowed to leave the club to join Stoke City.
The 30-year-old joined the Potters in a deal that could eventually be worth £3.5million, with the Blades explaining the need to allow Beattie to depart.
An official club statement read: "The sale of James to Stoke City signals the start of a re-profiling of the squad which will ensure the club is in the best position to manage any eventuality that might arise in the future.
"The club is not immune to circumstances and needs to have a robust business plan, both on and off the field, to give the manager and team the best opportunity for long-term, ongoing success.
"The loss of parachute payments will correspond with a worldwide recession and the chance to transfer our highest-paid player can only happen when a willing buyer puts in an offer.
"Sheffield United's ambition in signing James - although he has been an exemplary professional and scorer of many goals - did not result in the immediate return to the Premier League that we had hoped for.
"The club is setting its stall out to assist the manager with a competitive squad and with an expenditure that will be realistic, but which does not put the club at risk."