ROVERS co-owner Dick Watson says a 60 per cent drop in income after relegation is the main reason why players have to be sold.
The wage bill is currently £1m over budget, despite only 12 senior players remaining under contract.
And while there has been no firm interest in Rovers’ biggest earners so far, Watson is confident the players will be moved on.
He told the Free Press: “Our business plan calls for some of the players on the biggest wages to move on and be replaced by others.
“Some of the players are on good Championship salaries.
“The players have ambitions as well and they’d rather be playing in the Championship rather than League One.
“The total income of the club has dropped from £10m last season to £4m this.
“Anyone in business will know a drop of 60 per cent in income means big changes.”
Watson (pictured left) refuted suggestions Rovers have become miserly and revealed the club’s budget will be one of the biggest in League One next season.
He said: “We have set a two year business plan that all the main shareholders are backing.
“That plan does call for further spending from John (Ryan), Terry (Bramall) and I.
“The challenge for Dean Saunders and Gavin Baldwin is to deliver a team for that budget.
“Both of them are working incredibly hard to do that and we’re very confident in the plan that’s been put together.”
Watson resigned from the board in January for health reasons but revealed he is currently feeling well.
He has had several heart operations over the last few years and was advised by doctors to avoid stress and pressure.