[Official Site] CLUB STATEMENT: NEW BOARD OF DIRECTORS

But what you are saying for the club to be worth more is that the current group of players are worth at least £13.5m more than the squad at the time of the takeover.

I can see the debate as to whether there is greater or lesser value on the respective squads but the difference is certainly less than the decline in the financial position of the club, the result of losses in each of the years post transaction.