Quote:
Originally Posted by MDAcoaching
Yeah I don't think if you are a sponsored player you know where the money is coming from. You being sponsored doesn't mean you know what's going on behind the scenes, you are just a marketing tool. No idea why anyone would blame the sponsored pros.
But Ivey was not a Full Tilt sponsored pro. He was a founding shareholder.
There was all sorts of Table Trash that got sponsorship deals from Tilt and some few of them got small ownership shares, like one or two percent. But Ivey was part of the ownership group. As I understand it, he provided much of the initial financing and was the single largest shareholder, ahead of Lederer and Ferguson and others. Matusow, Andy Bloch, and Jennifer Harman were also part of the ownership group in smaller degrees, as I recall.
They collectively pulled about $400 million out of Full Tilt, and from a legal standpoint they mostly got away with it. But the sad truth for them is that if they had played it straight, they probably could have flipped the Full Tilt property for $$Billions$$, just like the Sheinbergs did with Pokerstars. They could have walked away with far, far more cash and with their reputations intact, if only they hadn't been selfish greedy short-sighted dirtbag gamblers.
Last edited by 2pairsof2s; 02-22-2024 at 05:50 PM.