1/ 1. “Relevant options” vague. But likely to mean considering appealing decision (given does not think acted appropriately).
2. Decision to appeal could be lengthy / expensive. MA will take advice from his lawyers & counsel, usually in writing. https://twitter.com/nufc/status/1303768106876231688

2/
3. MA is not a traditional business man. We know this. If he wants to appeal this decision, against lawyers advice, I believe he will.
4. His lawyers are considered in the profession to be extremely aggressive litigators.

3/
5. Obvs plenty has gone on behind the scene, but this confirms ‘autonomy’ of SA is the issue. Not piracy / BeIN.
6. Autonomy of state will make for a very wide & complex legal argument, but one where you feel those appealing could make strong arguments.

4/
7. An Appeal would force more info from the PL as to how this standalone issue causes failure of O&D test And on what grounds that decision was ultimately made, reasons for the delays & the documents provided.
8. This process will expose truths, about how the parties acted,

5/ & those involved throughout. It will shed some light on objections raised, & weight afforded to those objections.
9. It ultimately could embarrass the PL.
10. I reckon, MA might just go for it on that basis alone....