Indeed, the Argus says there was no financial settlement, and I had not read that when I posted what I posted.
The Argus also says that the Football Club refused to comment. My reading of that is that it might be a massive climb-down from Gus and/or a realisation that he is OK where he is and...
The club might offer him money in order to:
Bring the whole sorry tale to an end, seeing as it has been hanging over us like the Sword of Damocles for months.
Enable those involved in it to get on with something more useful.
Avoid spending more money on what are probably ridiculous legal fees...