There is a wide belief, and I think it's right, that TN was selected as front man by Farnell and Kashashy.
If it's correct that he misappropriated their money then turned against them when they rumbled him and put in Elliott to replace him, it's no real surprise that he has walked away.
Kashashy has genuine business in the Gulf, irrespective of whether or not it's enough to sustain a football club, whereas TN just introduces connections to people wanting to do business there.
I expect TN to be pursued further over there.
Meanwhile Freshfields should be able to deal with Elliott (Farnell/Kashashy) without undue problems.