Quoted from Noodlebox:
.....What Farrell/Bumper did was wrong, in both iterations of the company. Jack himself has dirty hands as he had no intention of allowing the transfer of the franchise despite letting Bumper tell peop,e it was going ahead, and that changeover is what exposed Bumper's earlier shenanigans. This was luck for Jack, not a planned outcome for him......
Why would jack transfer the franchise rights if as you say Bumper was wrong in both iterations of the company?
I think Jack did the right thing by ending his involvment with the company. this whole thing is a cluster which is hopefully coming to the best end it can at this time.