Looks terrible. No need to worry about how much was spent on consultancy for this - not even a consultancy would come up with something this bad surely (if they did then thats another scandal altogether).
Tapering letters, sloping A & Y. My goodness what a complete design mess! Looks to me like an in-house total amateur job - sadly looks like not enough people were asked if it looked any good. Other theory is that someone senior thought of it, were told it was crap but ignored them by deluding themselves they were in possession of great vision, could see the big picture, "I'm sure I'm right" etc. etc.
Still, on the bright side it makes you realise how good & enduring the original design was.