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If you had bothered to do any research you would have found out that Bristol City have one of the wealthiest owners in football. Four-Four-two mag only last week placed him at about 26th in the football rich list worth around £560m. They also have a director on the same list worth a small fortune. The redundancies are to cut general running costs which are too high. Bristol City could quite easily afford a £2m transfer fee if the manager and owner felt a player warranted the fee and only a few years ago they paid £2.25m for Nicky Maynard.
The real failing in these recent rumours in my opinion is why the hell would Ross Mcormack want to join Palarse or Bristol City? Surely there will be better offers around?