Sevco 5088 Ltd didn't buy the assets. It was Sevco Scotland.
As for the argument that D&P undervalued the club, obviously a business is only worth what someone was willing to pay for it (ignoring the issues as to who was allowed to buy it). The club may been sold for a fifth of its paper value, but it's ignoring the required investment after purchase to get it back up and running to a required standard.
The issue of the players being sold for less than their value is probably due to cashflow. the directors probably had to get them off the books as soon as possible....although we'd all like to have seen more raised from the disposals.
This case re-raises a great fear of mine at the time. Could the administrators have raised more by selling the individual assets and not the club as a going concern? i'm fairly sure that they could have. I'm obviously thankful that they didn't, even if D&P's reasons for not doing it are perhaps slightly less than pure.