I assume the purpose of these legal proceedings is for Derek to recover that 8 figure sum.
I'd like to understand what the claim is actually against and what any winning funds would be used for, as looking at the reports this is Derek vs the legal advisors, not Wasps vs the legal advisors, and it's for a sum of 100M+, whilst the reports state that Derek had loaned 20M to the club, so is Dereks claim actually 20M plus the 2M, plus it seems future profits from the new Hotel, and therefore remaining 80M-ish (taking a win as the scenario) goes where, the creditors, back to Wasps??? From the report the assumption of that 100M claim is around 67M against the value of Wasps, if he were to win the whole amount does that 67M go to Derek to do what he wants with, which I can only assume wouldn't involve Wasps, or am I being to cynical?
Or, being even more cynical, is the 100M+ an opening salvo in the negotiation tactics to allow Derek to recover his 22M+?