When the Griffith sale plan was first reported, DC, it was widely reported that the deal should yield more than $20M for the Brumbies, even as high as $30M in some estimates (which would've involved the Brumbies developing the proposed apartment complex). That's not me "seeming to think" anything, that's what was reported at the time.
Hence the surprise when the final sale came in below $12M.
Your descriptions of where that $12M went is correct..
Only that there will be no investigation now.
My suspicion is that current board member (Fardy) might have told previous board member (Moore) something within the saga that was supposed to be confidential, but that's purely my speculation..
They lose the Auckland Nines title, too?!?! NNNNOOOOOOOOOOOOOOOOOOO!!