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This story has been reproduced from today's media. It does not necessarily represent the position of Liverpool Football Club.
Birmingham chief Peter Pannu admits the club's dire finances will force more sales next month - with Jack Butland leading the exodus.
Liverpool want the England keeper, 19, for £6million and the skint Championship club desperately needs the cash.
Blues owner Carson Yeung's assets have been frozen pending a money-laundering case in Hong Kong.
The club is up for sale and takeover talks are dragging on with Gianni Paladini and a Far East consortium.
But Pannu warned fans that more sales are inevitable in January to avoid City going into administration.
He is anxious to shift players from the wage bill - especially Nikola Zigic who collects over £50,000 a week at St Andrew's.
The giant striker, 32, is still proving hard to move on, but Butland is in demand.
Mirror Sport revealed in August that Birmingham had rejected a £6m Southampton offer for the shot-stopper, but City would happily accept that fee now.
Blues' acting-chairman Pannu explained: "I can't let this club run into the ground. The principle is to keep the club going.
"My top priority is to make sure this club stays afloat.
"If I do annoy the supporters and I do dispose of players, it will be to keep the club afloat. I just need to do what I have to do.
"There are players who are earning a lot of money here, at least five players I'd hope weren't earning that much.
"I rejected a £6m bid in the summer for our keeper Jack Butland from Southampton, but I might not be able to reject it if I get something similar now."
Source: Daily Mirror