Another issue has shown up in the sale process of Full Tilt Poker. In total, a group of 19 players owe the company about 16.5 million dollars. Just to mention a few of them: Phil Ivey, Erick Lindgren, Barry Greenstein and David Benyamine. Groupe Bernard Tapie, the upcoming owners of Full Tilt Poker, are currently working out repayments plans for all the players.
Laurent Tapie, the son of Bernard [...] Read more » 19 players owe Full Tilt Poker $16.5 million
Joined: Mar '08
Location: United Kingdom
Age: 44 (M)
Posts: 6714
Some have signed contracts saying they will pay if the money goes to the players, but without the money there are no players, catch 22. Its not suprising tha GBT will not cover the debt, perhaps the DOJ can use some of the left over cash they will have. Or as they are all friends, pay Chris directly and let him FO
Joined: Jun '08
Location: Poland
Age: 84 (M)
Posts: 545
They shouldn't payback anything at all....this is a total b******t....suddenly 19 players are almost responsible for FullTilt problems ? And what about rest 130 Million $$$ .....? Where is it ?
Joined: Mar '08
Location: United Kingdom
Age: 44 (M)
Posts: 6714
Posted by mascona: They shouldn't payback anything at all....this is a total b******t....suddenly 19 players are almost responsible for FullTilt problems ? And what about rest 130 Million $$$ .....? Where is it ?
Wow 71, must be our oldest member. At the moment the DOJ hold it, forfeited by Full Tilt along with assets, earning some nice interest.(around 8mill at a rough guess) The money is to be split, GBT buys assets, DOJ pays US players, the rest of us are still waiting to see what will happen, but I expect we will all have our balances back in full, but with withdraw restrictions.
But they absolutely should pay it back, 19 players are now responsible, that money is not theirs, it is mine and others, I did not loan them it!!
Joined: Jan '12
Location: Netherlands
Age: 47 (M)
Posts: 165
Why do they owe FTP 16,5 million dollars i can't read it anywhere or maybe i missed the story before tis one was posted maybe some one can tell .....did they loan the money ??
Joined: Aug '09
Location: Canada
Age: 52 (M)
Posts: 147
there is no body etting any money at all from fulltilt they are going to play this s**t out for ever,,i am pretty that pretty much no body would jump up to pay a 17 million dollar bill,SORRY ITS NOT GOING TO HAPPEN,,but if u all think you will dont hold your breath
Joined: Jan '11
Location: United States
Age: 60 (M)
Posts: 3361
Wow! Now that's news. All the people owing FT sure does answer why there not up and running. So it's not just the U.S. governement's fault here. We were all keeping the site afloat for these guys to keep riding. I actually think they will have to pay it all back with the govy involved, but what do I know! Good Luck to FT!
Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090
cool to hear that it is not only full tilt that owes cash to the players, but there are dudes who are in debt to the tilters, just wonder why are they in debt- how the hell can you be given around 17 millions from a poker site for nothing- what is the reason behind this- was it a loan, cash to play online (no deposit bankroll looool)
Joined: May '09
Location: Spain
Age: 49 (M)
Posts: 1331
Posted by Macubaas: I don' think ftp acquisition will be stopped due to this player debts, i 'm sure gbt knows that ftp is a huge money machine...
If they manage to bring back the online players they can make those money in a matter of weeks.
A GBT lawyer said that GBT is not interested in adquire assests that need go to court (that means GBT want his 16.5 millions or bye). I don´t understand how FTP was so stupid with the debts of the professional players.
Joined: Apr '09
Location: Portugal
Age: 44 (M)
Posts: 4827
These debts will have to be paid, there is no question about that. Court should give them that indication fast at define a date to be accomplished, or else they have to be punished. It is this way everywhere, justice in the USA is known as being the fastest and the most impartial, so it just have to be applied to this fellows. At first I wasn’t understanding how could someone owe money to an online poker room, but when I read their names I got it… I really like some of them, but justice is (or should be) blind.
Joined: Jun '08
Location: Poland
Age: 84 (M)
Posts: 545
Lederer & Ferguson should first get 10 years sentence for defraudation and taste some "real prison love" during shower time....long hair from Fergie give him a chance of big popularity.....lol. SHOW ME the MONEY ...biaches !!!!
Joined: May '09
Location: Spain
Age: 49 (M)
Posts: 1331
Posted by kwasac: We want our money!!!
+1
And soon please. The new law about poker in spain will begin in April, i need cashout my $$$ from FTP before the date (i don't want to pay taxes for pot played, the fee will be more than my roll).
What I really don't get is... Why would such players with huge carreer winnings have to borrow money from FTP?? Doesn't make any sense. Why borrow millions when you already got millions?
