Tan made the 'debt free in 5 years' commitment in February 2016.

https://www.itv.com/news/wales/updat...-issue-shares/

Keith Morgan gave a pretty thorough update commentary in early 2017 following a meeting with Dalman that was reported by WOL, explaining some of the hurdles to making good on that commitment:

https://www.walesonline.co.uk/sport/...xpert-12703275

Tan has written off a lot of debt and made several big debt to equity conversions. The exact figures have been discussed on here many times.

A few years back (pre Covid) Dalman seemed to have altered the script to question why Tan would follow through with his commitment, rather than explaining why it couldn't be done in the original timescale.

Then Covid happened.