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feb
7

19 players owe Full Tilt Poker $16.5 million

Tags: full tilt poker, gropue bernard tapie, outstanding debts, phil ivey
Posted on Tuesday, February 07, 2012 by "T".
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

  7-Feb-12, 16:46   #1
19 players owe Full Tilt Poker $16.5 million 0 
B1gfoot 

Joined: Mar '08
Location: United Kingdom
Age: 37 (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

     
  7-Feb-12, 17:16   #2
  0 
mascona 

Joined: Jun '08
Location: Poland
Age: 76 (M)
Posts: 537
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 ?

     
  7-Feb-12, 17:33   #3
  0 
B1gfoot 

Joined: Mar '08
Location: United Kingdom
Age: 37 (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!!

     
  7-Feb-12, 17:51   #4
  0 
MicroMachina 

Joined: Aug '08
Location: Canada
Age: 36 (M)
Posts: 657
edit. i am going to refrain from political posts as my views are a bit extreme.

Edited by MicroMachina (Tuesday, February 07, 2012 @ 18:15 GMT)


     
  7-Feb-12, 18:49   #5
  0 
Macubaas 
Joined: Apr '11
Location: Romania
Age: 27 (M)
Posts: 6668
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.

     
  7-Feb-12, 19:01   #6
  0 
issi1976 

Joined: Jan '12
Location: Netherlands
Age: 40 (M)
Posts: 163
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 ??

     
  7-Feb-12, 19:36   #7
  0 
todd3311 

Joined: Aug '09
Location: Canada
Age: 45 (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

     
  7-Feb-12, 22:17   #8
  0 
Greenmohave 

Joined: Jan '11
Location: United States
Age: 52 (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!

     
  8-Feb-12, 10:07   #9
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 8628
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)

     
  8-Feb-12, 11:21   #10
  0 
Chartoule 
Joined: May '09
Location: Spain
Age: 41 (M)
Posts: 1261
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.

     
  8-Feb-12, 12:43   #11
  0 
Fakiry 

Joined: Apr '09
Location: Portugal
Age: 37 (M)
Posts: 4764
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.

     
  8-Feb-12, 16:58   #12
  0 
deacon1 
Joined: Jun '08
Location: United Kingdom
Age: 31 (M)
Posts: 1
is this from out standing sponserships

     
  9-Feb-12, 19:02   #13
  0 
CunteN 

Joined: Oct '07
Location: Sweden
Age: 28 (M)
Posts: 386
This is just sick...

     
  10-Feb-12, 05:01   #14
  0 
mascona 

Joined: Jun '08
Location: Poland
Age: 76 (M)
Posts: 537
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 !!!!

     
  15-Feb-12, 04:13   #15
  0 
kwasac 
Joined: Apr '10
Location: Serbia
Age: 25 (M)
Posts: 92
We want our money!!!

     
  15-Feb-12, 10:41   #16
  0 
Chartoule 
Joined: May '09
Location: Spain
Age: 41 (M)
Posts: 1261
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).

     
  15-Feb-12, 20:14   #17
  0 
dridu 
Joined: Jun '11
Location: Romania
Age: 32 (M)
Posts: 26
Sick Aww crap!

     
  15-Feb-12, 21:13   #18
  0 
initiator 
Joined: Nov '08
Location: Germany
Age: 40 (M)
Posts: 134
I dont think it´s so much. thats like 800k for each. Any way Mike ows Ted Forrest over 1 mil. for loosing a bet.

     
  7-Mar-12, 10:59   #19
  0 
Billy2311 
Joined: Dec '09
Location: Romania
Age: 25 (M)
Posts: 15
This is just sick...

     
  8-Mar-12, 12:27   #20
  0 
TheMachineQC 

Joined: Apr '10
Location: Canada
Age: 27 (M)
Posts: 2096
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?

     
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