I think the theory at the time was that the dropshadow might represent some 3d visuals/embossing on the actual badge and wasn't verbatim what would be on the shirt and our branding, and this was somewhat reinforced by the version with the more detailed lion .
That doesn't line up with our new sponsor getting their hands on the dropshadow version though, they're not going to be grabbing random images from the trademark office or VT
One thing is for sure, this will all be cleared up when the club make an announcement in...when was it, January?