Complex sentence: White declares the group in breach of contract but declines to pursue those charges legally, concurrently implying that Guy--whom he obviously respects the most of anyone in the band--should pursue Faye.
Split into simpler sentences: White declares the group in breach of contract but assures Guy that those charges will not be pursued legally. White also hints that Guy--whom he obviously respects the most of anyone in the band--should pursue Faye.