No, no, no. I see it like this:
He's not forming a new clan, he is just making a new name for any general clan. The quality of said name will be negotiable, but do not join him in his task. This will be his work only.
[I am] forming [a] new clan name[. It] is [of] negotiable quality[, but do] not join me[. In fact, you should] abandon [all hopes of glory, for this is my divine purpose. Oh, and Richard Sharpe, you're a guttersnipe.]
Wow, Richard, I can't believe he would take personal offense at your namesake like that! How uncivilised, downright rude, and frankly uncalled for!