Quote:
Originally Posted by Hash1982
I think mid Jan would be cool. Anyone know how long a license would take to get? And would the spanish license that Tapie is applying for be enough to run on?
FTP2 may not even need the Orinic Limied suspended cat 1 licence as AGCC have stated they would renew FTP's licence status subject to (now) ROW player funds being in seperate account and new owner checks obv. AGCC will turn that app round nice 'n' quick.
The Spanish licence will only cover Spain...haven't heard whether Euro's will be allowed to play at sites based in Spain.
Quote:
Originally Posted by Exiss
You crazy kids…your business sense is showing.
I’ll set the over/under at April 15, but even that is optimistic IMO. $100M+ deals don’t happen in a month, especially with the bulk of work to be done over the Christmas holidays. Particularly not when they involve the US govt, and ESPECIALLY not when they involve legal court proceedings.
And I just can’t see businesspeople pulling off something like this at the tail end of the fiscal year. It would be an accounting nightmare 10X worse than it already is.
April 15…place your bets, place your bets!!!!
Err, no court proceedings involved?? You don't need a court to allow you to forfeit a company voluntarily, specially to the DoJ. If you offer me Zynga for $100m, I'll buy in a week...especially if I've had 2 months discussion with you prior.
I think you business sense is showing......doing you think Tapie will hand over $80m and wait a few months before opening the doors? The legal documents are all drafted and agreed - that's what the last ~2 months have been about. FTP/DoJ agreement may take a few weeks (DoJ slow) but is simple in drafting terms ('I the undersigned forfeit my company assets to DoJ'), then they keys handed over to GBT when DoJ receive Tapie's wire. LOL @ April, you'll be losing at the tables before then.
I don't usually sit in the optimistic camp, but I have signed >40 conditional purchase agreements / sales contracts that have been subject to a number of conditions. The paperwork will be drafted as if the deal has already happened, requiring 5 or 6 trigger events for it to go live, the last of two these triggers being DoJ receipt of forfeited company and DoJ receiving GBT payment. It's not like all parties had a brief chat and agreed verbally the basis of a deal that now needs documenting - more like all legal drafted, sent back and forth and formally agreed. And the agreements in place will have a long stop date (a date they formally expire)
I would also bet my left nut that DoJ will wanna move faster now they see the ROW market shrinking - be a right pain if Tapie wanted to lower that purchase price in light of further ROW regulation.
FTP reopen mid Jan 2012 latest (IMO)
Last edited by vamooose; 12-16-2011 at 04:26 PM.