If i remember correctly he promised to convert £68m immediately and then a further £40m in 5 instalments of £8m. I think Keith Morgan of the Trust said that the first instalment of £8m had been sorted but the £68m was waiting for Malaysian regulatory approval. In the meantime VT has created enough shares in the club to enable further conversion of debt to equity but I have no idea what has happened since. Perhaps Keith can update us.