Birmingham City have slashed the asking price for Jack Butland to £3.5m to generate Premier League interest Butland will be allowed to leave St. Andrew's this month and Birmingham are prepared to accept a lower upfront transfer fee for the England international as they attempt to raise funds. Birmingham are facing the prospect of administration if they fail to ease their financial problems in this transfer window and are also ready to sell Curtis Davies, Nathan Redmond, Chris Burke and Marlon King. Butland has emerged as their most sought after asset and a down payment of £3.5 million will be enough to persuade the Championship club to do business. Birmingham will demand further instalments to take the deal to a total £6 million but their latest move is a clear indication that revenue is urgently required. Butland, 19, has been watched by Manchester City, Liverpool, Newcastle, Fulham and Southampton this season since starting the campaign as Lee Clark's No 1. Southampton's £6 million offer was rejected in June. But the strict fee has prevented clubs from going beyond inquiries this month, though Birmingham are hopeful of attracting a bid before the window closes next week. Burke, the winger, is expected to join Nottingham Forest while King could leave on a free transfer to get his £18,000 a week wages off the books.