because like nearly every big team does, rangers budgeted the CL money BEFORE the season began, we allowed the players to stay, told smith his wage budget, all the way down to staffing levels at the club, murray budgeted in 3 champs league home games before xmas including commercial aspects of them, then a further few mill in tv revenue after the tournament was done
then when this money went down the lavvy in kaunas, we had no other way to find this money other than flog someone
even getting players off the wage bill wont pay back the overdraft built up last season, and the negative interest accrued as well from the failings to get to the CL
fact is, the failings in kaunas last year could take YEARS to recover from, unless we flog someone of value
If I remember correctly we didnt go on our signing spree until AFTER we got knocked out by Kaunus. Correct me if Im wrong though.