Not sure either, I think it could be directed to pay down that remaining pocket of debt or "running debt" that the club said would remain as part of their operational expenses and is something RBS is OK with the club having (it gives them interest payments) and allows further borrowing for the future. I think Lim other money he's directed at players 60mil can be specifically directed at players and not the owners. It would only be in the agreement that he come up with the funds at transfer time and not during the sale.
Honestly, I do not know what to think, but I have a feeling the board still made the right choice with NESV. People have said that if Lim was serious, he would have made a much higher initial bid, if he had, that would have definately gone to H&G so he was doing the smart thing not going so high as to provide them the cash, which now may bite him in the back now for trying to do the right thing.
Still I have to go with NESV due to their experience with sporting clubs and as a group, they do have more cash than Lim and I think they will invest it wisely. Additionally, I trust Martins judgement on this.
Just glad H&G are out.