FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP) - Page 745 - Poker News

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FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP)

View Poll Results: Do you want the AGCC to regulate the new FTP?

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03-02-2012 , 09:32 PM

#18601

vamooose

old hand

Join Date: Jan 2010 Posts: 1,309

Quote:

Originally Posted by FTPHater

Has anyone stopped to think that the DOJ may well only have to pay out $80 million to compensate all the US players?

$40m is nearer the mark ($80m-$40m that comes with FTP)

$150m - $122m (phantom deposits) = $28m pay out to US players leaves $12 mirrion for the DoJ's costs in putting the deal together

Simples

03-02-2012 , 09:33 PM

#18602

Blizzuff

veteran

Join Date: Jun 2009 Posts: 2,713

Quote:

Originally Posted by FTPHater

Very strange that he is referred to as being close to FTP and it makes you wonder where he was several months ago and what made him suddenly come forward now.

I think people are making a little too much of this. GBT stated a long time ago in the first interview when it went public that they were the latest investor, that their plan was to have outside investors taking part in the deal. An outside investor coming in at this point doesn't have to be Guy, or anybody involved with poker, or anyone who previously knew anything about FTP or had any dealings previously. There are lots of people with capital to invest and all it takes is them being approached at the right time by the right person and there you go.

03-02-2012 , 09:41 PM

#18603

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

40+40+ whatever is in bitar + cf+ howard's bank accts

03-02-2012 , 09:42 PM

#18604

FTPHater

banned

Join Date: Mar 2012 Posts: 102

Quote:

Originally Posted by vamooose

$40m is nearer the mark ($80m-$40m that comes with FTP)

$150m - $122m (phantom deposits) = $22m pay out to US players leaves $18 mirrion for the DoJ's costs in putting the deal together

Simples

I am confused, the $80 million the DOJ pays US players is coming from Tapie group for the FTP assets so the DOJ do not get that $40 million to which you refer as that goes to the purchaser or in this case Tapie group as it is an asset of FTP. The DOJ only get to keep FTP assets if no deal concludes and thy go to court and seize them via a court order or victory.

$80 million is all they will have to pay out to cover the total US player money so those tht claim will get 100% of their money asthbe rest will not bother.

03-02-2012 , 09:42 PM

#18605

EYESCREW

Carpal \'Tunnel

Join Date: Mar 2008 Posts: 11,634

Quote:

Originally Posted by Blizzuff

I think people are making a little too much of this. GBT stated a long time ago in the first interview when it went public that they were the latest investor, that their plan was to have outside investors taking part in the deal. An outside investor coming in at this point doesn't have to be Guy, or anybody involved with poker, or anyone who previously knew anything about FTP or had any dealings previously. There are lots of people with capital to invest and all it takes is them being approached at the right time by the right person and there you go.

You apparently didn't read the article. The article said the outside investor was someone close to FTP.

IMO that means either Howard Lederer has backed his car up and opened the trunk or it's Guy Laliberte. Obv I can be wrong and it's somebody else altogether but Guy makes the most sense at this point.

Maybe Eli Elezra? I know he has a lot of money but I don't think he has anywhere near the kind of money needed to cover ROW player balances.

Last edited by EYESCREW; 03-02-2012 at 09:47 PM.

03-02-2012 , 09:47 PM

#18606

Blizzuff

veteran

Join Date: Jun 2009 Posts: 2,713

Quote:

Originally Posted by EYESCREW

Whoops

. It would be hot if it was him.

03-02-2012 , 10:17 PM

#18607

thejayman

journeyman

Join Date: Jan 2008 Posts: 224

Quote:

Originally Posted by EYESCREW

You apparently didn't read the article. The article said the outside investor was someone close to FTP.

IMO that means either Howard Lederer has backed his car up and opened the trunk or it's Guy Laliberte. Obv I can be wrong and it's somebody else altogether but Guy makes the most sense at this point.

Maybe Eli Elezra? I know he has a lot of money but I don't think he has anywhere near the kind of money needed to cover ROW player balances.

Didn't the DOJ state that none of the board members could own a piece of FTP2?
Edit: I think it rules out HL,CF,RB,RF

03-02-2012 , 10:27 PM

#18608

EYESCREW

Carpal \'Tunnel

Join Date: Mar 2008 Posts: 11,634

Quote:

Originally Posted by thejayman

Didn't the DOJ state that none of the board members could own a piece of FTP2?
Edit: I think it rules out HL,CF,RB,RF

Yeah I was totally kidding. I thought it was rather obvious.

fwiw It wouldn't surprise me in the least to find out those guys have a bunch of cash stashed away somewhere. If they didn't and allowed it all to come to this they're far less intelligent than I gave them credit for being.

03-02-2012 , 11:42 PM

#18609

NeedsToBeSaid

adept

Join Date: Sep 2011 Posts: 997

Quote:

Originally Posted by vamooose

$40m is nearer the mark ($80m-$40m that comes with FTP)

$150m - $122m (phantom deposits) = $28m pay out to US players leaves $12 mirrion for the DoJ's costs in putting the deal together

Simples

So I should have to pay for scumbags that phantom deposited? I hope I'm missing your point, but I doubt it. The other sentence is off too since the DoJ doesn't have that 40m from FTP atm and could easily never see it.

03-03-2012 , 12:07 AM

#18610

Kirbynator

Carpal \'Tunnel

Join Date: Aug 2006 Posts: 52,004

if its guy hes officially my #1 mancrush in the world

03-03-2012 , 12:32 AM

#18611

Blizzuff

veteran

Join Date: Jun 2009 Posts: 2,713

Quote:

Originally Posted by Kirbynator

if its guy hes officially my #1 mancrush in the world

Who wants to carry Guy through the Amazon room on their shoulders with me during the WSOP?

03-03-2012 , 02:16 AM

#18612

ShipItYo

veteran

Join Date: Nov 2008 Posts: 2,041

Quote:

Originally Posted by Blizzuff

Who wants to carry Guy through the Amazon room on their shoulders with me during the WSOP?

03-03-2012 , 02:18 AM

#18613

AntiHer0

adept

Join Date: Dec 2010 Posts: 1,167

guy is the new poker jesus imo lets dress him up in a white sheet and some cool sandals

03-03-2012 , 02:38 AM

#18614

ddlloo12

grinder

Join Date: Jan 2009 Posts: 535

If its Guy. We need a record setting appreciation thread.

03-03-2012 , 02:39 AM

#18615

EYESCREW

Carpal \'Tunnel

Join Date: Mar 2008 Posts: 11,634

Tiger Woods sucks at golf now!

Last edited by EYESCREW; 03-03-2012 at 02:52 AM.

03-03-2012 , 03:57 AM

#18616

oneonth3run

old hand

Join Date: Apr 2011 Posts: 1,648

03-03-2012 , 04:06 AM

#18617

ShipItYo

veteran

Join Date: Nov 2008 Posts: 2,041

Quote:

Originally Posted by oneonth3run

OMFG LOL TOO GOOD HAHAHA

03-03-2012 , 04:12 AM

#18618

PartyGirlUK

Carpal \'Tunnel

Join Date: Nov 2004 Posts: 23,530

Almost an A+, great work.

03-03-2012 , 04:18 AM

#18619

Checkov

adept

Join Date: Dec 2005 Posts: 751

It is A+

03-03-2012 , 04:23 AM

#18620

MICK E JUICE

adept

Join Date: Jul 2011 Posts: 820

Amazing work but the little boy next to CF is staring into my soul

03-03-2012 , 04:24 AM

#18621

aura

Carpal \'Tunnel

Join Date: Aug 2005 Posts: 10,048

Very well done, oneonth3run!

03-03-2012 , 04:30 AM

#18622

u cnat spel

old hand

Join Date: Jul 2009 Posts: 1,964

lmfao, wpwpwp.

03-03-2012 , 04:32 AM

#18623

PartyGirlUK

Carpal \'Tunnel

Join Date: Nov 2004 Posts: 23,530

Needs Phil Hellmuth on a hotdog to get an A+ but nevertheless an oustanding piece of work. I'm a huge fan of the 'swapping jesuses' theme that oneonth3run so skilfully wove.