Debt of professional poker players for repayment of loans previously granted to them as listed in the Excel Workbook entitled "Pro Loans revised - 19th Jul with Ray comments" provided by the Full tilt Group or their representatives to the PokerStars Group's representatives.


Sure would make an interesting read.

on 2-2-12 they didnt own tilt and they wanted him to pay them
cmon

Really nice of Barry to pay I mean such a good guy donates the most to charity too. Wonder if Ivey will pay once e gets his $7m euro

As stated before he is not looking for attention just explaining his actions. The guy donates most if not all of his tournament winnings to different charities he is a great example that the poker world needs right now.

bump

Barryg > 99% of pro's who would find themself in a similar/same spot

Perhaps that as no other FTP Red Pro or FTP friend who had taken loans has not had the honour to settle he deserves a pat on the back for being honourable.

What would be real classy is if he walked up, slipped on a white glove, and open hand slapped Lederer at the casino.

I, too, would give Barry every benefit of the doubt. He is stand-up, a class act, and good for the game and the industry.

I do not know the specifics of the deal, but, as a lawyer, I would ask PS's lawyer to show me their authority for the proposition that Barry owes the debt to PS. (PS's lawyer probably did this in the collection letter.) Collection lawyers are notoriously slimy, as a rule, and I imagine that this lawyer is hired by PS as part of an out-sourced, contracted-for collections contract, whereby the collections firm most likely keeps a large percentage of the money that they "retrieve" for PS. So, if I represented Barry, I would want to see their purported legal authority for the proposition that the debts of players-to-FT transferred with the sale of the company, but the debts from FT-to-the-players did not so transfer.

And if that is the deal that was actually made, it sucks.

I doubt it went to all that. They sponsored him previously and probably simply asked him how he wanted to handle it.

It is possible that Barry does not have the money to repay the loan. His home was recently foreclosed on by the bank because he was $200K behind in mortgage payments (approximately 2 years worth of payments).
http://www.carbonpoker.ag/blog/bank-...tein-house-10/

"I, too, would give Barry every benefit of the doubt. He is stand-up, a class act, and good for the game and the industry. "

Agree 100%....