Royal Lady I might be wrong, but I think he was trying to make the point that we sold our best assets (irrespective of whether they wanted to go or not) and did nothing about replacing like for like. Or something.
Yes he was, but why he used the term "fire sale" only he knows. (Oh and sorry if you saw my comments as being rude, I certainly didn't intend them to be).
We were never going to replace like for like and nor would I expect us to. We have a big hole in our revenues and the only way to fill it is to sell players and replace them with cheaper ones. It is what a club looking for financial security does.