It was a bad move but I'm not sure how much of that was down to him ( selling him that is ) but on the flip side bringing in Gostmanov was equivalent to Poyet bringing in Vicente.
In fairness to Barry Lloyd he did build a couple of reasonable teams during his time here, He signed a few donkeys in his time as well but some of his signings were good. Gotsmanov, Byrne, Small, Beeney, Curbishley, Nelson to name a few.
edit...Not forgetting Nicky Bissett who was on he verge...