Reckon Paolo knew about the financial problems, that they needed to raise cash and that Ritchie could be sold as a result.
Guess he wasn't told when it actually happened though, hence his claims of not knowing anything about it until Ritchie called are technically true but not the whole story.
Surely we know he knew about the problems, because he admitted as much in early January when he said it might be necessary to sacrifice a player for the good of the club. We all took that to mean Aden Flint, who would never have raised the kind of money needed.... It still does not excuse 'the board' IF he only heard about Ritchie's sale from Ritchie himself, but he knew and he was going to do everything in his power to prevent it.