Keith Lamb: “The financial consequence of losing our place in the Premier League is the loss of something in excess of £20m a season, mainly through the loss of TV revenue and other commercial income.
“With that in mind, the club's finances have had to be restructured, a process that we've carried out over the summer months.
“It's been a painful but necessary process and, as a result of it, the club remains in a healthy state.
“We've had to sell players as part of that restructuring but no player has left the club who wanted to stay.
“In fact, we rejected a number of unwelcome approaches for our players.
“We only need and want players who are committed to the cause, who want to play for Middlesbrough and are determined to help us win promotion this season.
“That's what we now have in the squad of players who remain. We've suffered plenty of pain as a consequence of relegation but the club now has a firm, sound financial base to move forward.
“We now feel we're better placed to launch a serious challenge for promotion.”