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Arbitration is still the likely scenario. Although Gus may still want to "clear his name", he may not want the "facts" to be presented in public ,

No they haven't. All they have done is exhaust the internal disciplinary procedures. Independent arbitration has not yet happened and will be the likely action, if Gus wants to do anything.

This matter will not go to open court, nor is it likely to go to an employment tribunal. If this is pursued any further by Gus, it will be by independent arbitration, which means that "the facts" will never become public knowledge.