Originally Posted by
jon1959
No - it was debt free in 5 years - and was said 5 years ago (mid February 2016).
Since then Mehmet Dalman has answered questions about the 'debt free' commitment several times - and the Trust has given regular commentaries on progress.
I may not have remembered this right - but I think Tan has converted Ł79m to equity and written off other debts on top of that - but the Board advised him to postpone any further conversions (last year or the year before?) because (I think) of FFP rules and since then the Covid impact.
Maybe Keith can give an update on the latest position.
Whatever - Tan went a long way to doing what he said in 2016, but is not there yet.
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