By Wendeen H. Eolis
BULLETIN: TAPIE LAWYER EXPOSES FTP PRO DEBT
This morning, Group Bernard Tapie lawyer, Behnam Dayanim acknowledged to Poker Player Newspaper that multiple hurdles will need to be overcome for the deal to acquire Full Tilt to go through. He notes one key issue is outstanding debt by players to FTP. Poker Player Newspaper has separately learned that the debt is in the range of 15 million dollars and that most of those players have made no effort to arrange for repayment. GBT has counted on these monies as real and viable assets, and does not envision having to litigate to obtain them . Information is now coming in to indicate other specific hurdles that could imperil the deal, as well.
Full Tilt Update Bulletin at High Noon:
GROUP BERNARD TAPIE EXPOSES PLAYER NAMES
Tapie counsel, Behn Dayanim has revealed to PPN the names of several high profile players who owe Full Tilt Poker millions of dollars. All but one of the players, is publicly associated with Full Tilt.
The names of these players is being witheld by PPN pending efforts to obtain further information and/or statements from the players named by Dayanim in a further advisory at noon.
Two of the well known players who owe significant monies are in negotiations viewed by GBT as good faith efforts to resolve their debt. He has not made these names available for publication, at this time.
Dayanim also acknowledges the existence of additional hurdles but for today, he is more focused on the players that the Company finds uncooperative in turning over monies to Full Tilt so that they may become part of the assets without enforcement proceedings. Tapie is said to have little appetite for that scenario.
According to numerous sources, some of these players are in deep financial trouble and will not pay back these loans made by the company from player funds that were co-mingled in the corporate accounts any time soon.
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