This is a good summary. Even if you can fire the manager it still triggers a number of implosions. However that should mean you can negotiate a much better deal from MQG than paying full wack.
From the documents I could find it didn't seem to secure the rights to MQG forever and I think this comment has been made bya few commentators. I think MQG are also shrewd so they may have done this deal knowing that it may have to be revised - or you can hold the view that they have got support from others and will just vote it through. I intend contacting some of the directors and large shareholders to see if they will pressurize MQG.