If we're over analysing.
"It basically stripped the football club of its right to pursue anything"
This said after saying we (SISU) agreed not to litigate against Wasps, and then drawing a distinction between club and SISU when Wasps wanted to draw club into indemnity.
Now, could be nothing, but can read that the idea was the club took over the litigation in the future.
One thing's for sure, SISU entering into talks in bad faith would make me nervous about any agreement drawn up, and where the holes would be disputed.