If it's BS it's worse. Even though that would be pretty embarrassing that means we don't have to cope with the way bigger embarrassment and legal trouble of not registering him.
Now if we don't make any exits this window we will be forced to sign CVC, sell Barca Studios or some other financially irresponsible thing to register him.
It's primarily between club and player. No idea what the board told him in case they can't register him. But we aren't really there yet. We still have some nuclear options as well (apart from CVC etc pp).