King Sankey wants revenge for

That's all it is, and throwing them out is all he's got power to do if he gets enough votes. So he colludes with the other presidents to get enough votes some will be willing some will be non-willing and just go with the rest. Either way he's opening himself and the conference up for a massive lawsuit and one of his most lucrative founding teams leaving the conference. He might be stupid
... Like really stupid I don't know how stupid people get to make that much money in the world it's sad