Graeme Murty is preparing for a January fire sale.
Sevco’s accounts painted a bleak picture even before the full extent of Pedro Caixinha’s summer spending spree was concluded.
With the club problems an open secret there isn’t likely to be a stampede of interest in players that are toiling to stay in third place in the SPFL.
Getting the Latin trio of Carlos Pena, Bruno Alves and Eduardo Herrera off the wage bill would be a major achievement while the agents of English players have been encouraged to invite bids for their clients.
Murty has to front up the business to the fans and braced them for more bade news once the transfer window opens next week.
Discussing outgoing deals with Sky Sports the Sevco boss said: “No we’ve not spoken yet but all players, when it comes to January, will be looking at their options, no matter whether you have a four-year deal or are in your last six months.
“Every player when the transfer window opens will be looking at making sure they secure the best future for themselves and their family. I understand that – that’s the nature of the beast
“So if you come to me and say that ‘X player’ has been notified that this is going to happen it wouldn’t really surprise me.
“We just need to be honest and open with the player and be flexible enough to react properly.”
Pena and Herrera, whose signings cost £4.5m in the summer, are under contract until June 2020 while Alves has a year less on his contract.