One of the things that everyone seems to be forgetting here: this is not a game of chicken.
GI doesn't "need" to do anything at this juncture. The CoG can put its bonds up for sale and collect what it can. The CoG and MH can sign their deal and MH can collect his $100 mil from the CoG. MH can pay the NHL. During all of this GI doesn't need to do a thing until everyone is committed.
THEN it can sue.
That is, of course, the worst-case scenario for all (except GI) involved. GI can let everyone make their deals and (in their view) break the law. They "need" to do nothing prior to that piece of alleged lawlessness. Then they jump. (Kinda like a cop driving behind you, watching.....waiting.....)
No-one (CoG, MH or NHL) really wants to commit until GI says that they won't sue.
It's a bit of a Mexican standoff, but eventually *someone* has to commit to *something* even if that something is actually nothing....
But GI can afford to wait. Like the cop.