I'd imagine Cole is one we'd be looking to loan out again rather than "sell", if only because if we sell him we'll end up paying out say 70% of the remainder of his contract right now (say £7m), whereas if we loan him on the same terms we obviously would pay £3.5m this season and another £3.5m next year assuming we can find a home for him twice over, I doubt many would be interested in an outright sale anyway.
Given cash is tight this year I can't see us spending anything more now than we have to, if nothing else for 2013-14 we'd have Carra's contract of the books, it's going to be a slow grind through some bad contracts over the next few years, if we can't find homes for some players.