Dude you need to try and sell your assets at a lower starting price. While it would be great for you to get 1.5M, you need to start the bidding at like 300-500k, and the bidding for the other guy at around 200k.
It is realistic for you to get that amount of money, but to be sucessful you wantt o start a bidding war. It is much less likely for you to dump him if you dont lower your prices.
Also, you are in last place. If you demote, you wont be able to support many of those salaries anyway.