The £million but greater access to revenues was widely quoted by people at the time. Now yes, it may well all be bollocks that then gains a ring of truth, but enough people with the sound of authenticity (the best I heard froma reliable source was that the cost of St Andrews was more, but it was a better deal for the club - tallies without figures) have suggested we pay more, for more access to income.
So, it's a hardly unreasonable point to suggest that, without access to said income, we are now on a worse deal than any Ricoh one would have been. That's hardly an earth-shattering claim borne out of a grand ideological hatred of Birmingham, SISU, and a love of Wasps.