Select Free Transform solution to stretch out the lowest edge and compress a little the laying, the same way shown below:



Set on the same layer the next option: Filter>Blur>Radial Blur

 



…and Filter>Blur>Gaussian Blur

 



Choose once again the Eraser Tool (E) on this layer to clean out the shown below logotype’s zone, setting the next layer’s parameters: Blending mode-Overlay



Create a new layer and use on it the Brush Tool (B) of white color for drawing the shadow under the logotype. This layer must be situated lower than all other logotype’s layers (on the layers’ panel).



Set the next parameters for the layer: Blending mode-Soft Light



Select again the already known Brush Tool (B) of black color (Opacity 30%) to dark out the zone under the word TUTORIALZ. Place the layer with the shadow lower than all other logotype’s layers (on the layers’ panel):



Set the next parameters for the layer: Blending mode-Soft Light



Finished!

View full size here.