Yes. But the share price could be a lot higher if we had played to the strengths Ellis inherited, the fan base, the European Cup etc. What an irony that his running of the club in his own interest (safe, staid, unadventurous, keep in the top division but don't spend more than you have to) has depressed the share price below what it should be.
He probably thinks that if the share price is higher than he paid, that means he's done well. What an arse.
His tactics have meant that he can pay himself £500k a year. But the lack of a strategy has meant that his shareholding is worth - what - a half, a quarter of what it could have been worth with good club business management. He's lost himself money, even in his own narrow terms of reference.
Good night, dopey Doug. Time for bed.