I think you are right with this, in particular I have no doubt that NC will want a VERY careful look at him in training before he makes any sort of decision. With regard to the undoubted shitstorm that this will cause if he starts to shine and get his fitness back in training the comments about the damage to the brand are interesting.
If, for footballing reasons, we decide we do want to resign him then it is vital that everything is done to manage this process. If it were down to me I would get the electoral reform society to ballot all the female season ticket holders, all the female employees and all the long term partners of the male employees to clearly establish what they think and to do this now. It is all very well shouting that petitions and actions from outsiders are irrelevant (although clearly politically they are not) the club has to have a rational and arguable case to defend its actions if the decision is taken to re-employ. If the result of a ballot outlined above came back against re-employing him that should be it, we don't re-sign him. If, on the other hand, it comes back in favour of re-signing him. It would represent a completely valid defence that should go a long way to justifying the decision and therefore minimising the damage to the club. It would be a clear statement by the key stakeholders in the club most likely to be put in a really difficult position about any possible re-signing.
I don't think that this ballot alone would be enough I think that the club and Ched would need to put out an agreed statement which I think would have to show contrition on his behalf. I think that it is vital that the opposition cannot pin on the club that it is a decision taken by a bunch of men (the board and the management team); that might well lead to a very prolonged and damaging campaign against the club. To put it in context, I would think that a poorly managed return would produce a media and activist campaign against the club on the scale of the one that MK Dons have had to face. It would be very damaging to our image, it may well cost us sponsorship and development opportunities and it would be prolonged.