Response regarding money I owe to Full Tilt - Page 3 - Poker News

Thanks for posting this Barry, as insignificant as it is in the grand scheme of things, it's a hell of a lot more than mostly all other pros on the book have come forward with. +4000

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02-02-2012 , 07:45 PM

#54

LouKadeez

journeyman

Join Date: Jun 2007 Posts: 208

Barry G.........One of the few really good people in Poker.

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02-02-2012 , 07:46 PM

#55

bbfg

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Join Date: Aug 2009 Posts: 12,264

Quote:

Originally Posted by MicroRoller

Geez, what's wrong with you people...

BG borrowed $400k to play on FTP from FTP.

Others that played on FTP owed BG money separately from the $400k loan BG received from FTP and BG was expecting these people to pay him on FTP so he could repay the loan.

This all happened years ago which raises the question why FTP wasn't pursuing this debt in all this time but FTP seemed to get off on loaning everyone money.

If BG paid the debt now it would go into the scumbag of a company that is/was FTP or to GBT while there has been no confirmation of what would happen as far as players getting paid is concerned. The DOJ doesn't even seem to have publicly confirmed if a deal is in the works so why should BG hand over money to what could just be some random french dude.

BG is a boss who plays high stakes poker and lets asian hotties tickle his beard. He does not follow every post about what's going on with FTP. Stop nitpicking that he only mentioned US players.

I figure the money would go into an FTP account, not a GBT account... Don't see why it matters who's in charge. You own a company money. Company asks for it. No way you can justify not paying here

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02-02-2012 , 07:48 PM

#56

oakley77

grinder

Join Date: Aug 2005 Posts: 525

Im confused as to why they would give you a discount on what you owe based on what the Tapie group have to pay to US players... I assume that has nothing to do with you? It's not like you are the leader of all US players and control their thoughts about FTP

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02-02-2012 , 07:48 PM

#57

The STUD

grinder

Join Date: Oct 2010 Posts: 599

I read several posts wanting the money payed to the GBT group. Barry stated he did not believe these debts were holding up the deal. He wanted to make sure when he pays back the money it will go to the player funds that are owed.....which he also stated will be payed back by the DOJ and not GBT group.

So after reading his post tell me why he and the rest of the players who owe money should pay the group purchasing FTP??

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02-02-2012 , 07:48 PM

#58

bbfg

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Quote:

Originally Posted by Bolsta

This

WTF, you don’t get to decide where the money you owe to someone gets spent!

Like I am going to tell my bank that I am not going to pay my mortgage repayments unless they give the money to "insert needy cause here".

Better yet, why don't we tell the bank we don't pay the money back because the state will pay the debt for us via the state bank bailouts they finance by taking taxes from us?

I'd love to see how that would go. And while it's something totally different, in a sense it's the same thing too

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02-02-2012 , 07:49 PM

#59

CaptainRunGood

journeyman

Join Date: Oct 2010 Posts: 206

Quote:

Originally Posted by Bolsta

What you and a lot of people here aren't getting is that Tapie DOES NOT OWN FTP yet. Why should he give money to a perspective buyer? That is beyond stupid.

If he has a way to pay FTP directly, he should. If he doesn't he should wait until Tapie is the owner of FTP and then pay.

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02-02-2012 , 07:50 PM

#60

bbfg

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Quote:

Originally Posted by The STUD

They would obv pay FTP. It's not because GBT is asking for the money it would go on Tapie's private account... If the money can be paid to an FTP account(which to mee, seems very very likely), I don't see what the problem is.

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02-02-2012 , 07:50 PM

#61

MicroRoller

veteran

Join Date: Mar 2010 Posts: 2,533

Quote:

Originally Posted by bbfg

I figure the money would go into an FTP account, not a GBT account... Don't see why it matters who's in charge. You own a company money. Company asks for it. No way you can justify not paying here

It's principle. If you owed FTP a six figure sum would you want it to go towards repaying the players FTP screwed or towards more lobsters for Bitar and crew?

FTP has shown they're not good with managing money. Greenstein said he'll pay back the money and i don't blame him for being careful about who the money goes to under these circumstances.

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02-02-2012 , 07:51 PM

#62

giftofgab

stranger

Join Date: Jun 2007 Posts: 13

So you telling me all the pros that owe FT money should not pay their debts. And the players should just get screwed over. He borrowed the money he should pay the debt. As should anyone who borrowed from FT. The pros are probably hoping the deal doesnt go through so they can get away with not paying back what they borrowed

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02-02-2012 , 07:52 PM

#63

Noisecore

centurion

Join Date: Feb 2011 Posts: 127

I do like that barry responds to this so quickly and as everyone else said he has the best intentions but I also think that he should just pay it back to GBT once they aquire FTP assets otherwise the process will even take longer.

As far as the other players is concerned, we already knew that ivey owes quite alot to FTP. And from mike matusow I don't expect he can even pay because the guy is a joke, he's broke.

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02-02-2012 , 07:52 PM

#64

The STUD

grinder

Join Date: Oct 2010 Posts: 599

Quote:

Originally Posted by bbfg

They would obv pay FTP. It's not because GBT is asking for the money it would go on Tapie's private account... If the money can be paid to an FTP account, I don't see what the problem is.

GBT IS NOT PAYING BACK PLAYER FUNDS...DOJ IS SETTING THIS UP FROM FTP'S ASSETTS. GBT IS ASKING FOR THE MONEY-IF HE PAYS THEM THERE IS NO INDICATION THIS MONEY WILL BE USED TO PAY BACK PLAYERS.

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02-02-2012 , 07:53 PM

#65

Azalin

adept

Join Date: Mar 2005 Posts: 953

Quote:

Originally Posted by BalugaWhale

Hi Barry,

I don't think US players would find it *not* in their interests if you committed to paying GBT.

I understand your desire to ensure that money is returned to US players; it seems like you could contract a deal relatively easily with GBT that ensures your 400k repayment is included as a part of GBT's payment to the DOJ.

At this point, we'd rather have you pay your debt to FTP directly to GBT than have any further delays/roadblocks that could throw off the entire process.

As always, I appreciate you taking a proactive stance and responding publicly. I also appreciate your efforts on behalf of the players and am very confident in your good intentions.

Thanks,
Andrew

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02-02-2012 , 07:54 PM

#66

munkey

veteran

Join Date: May 2006 Posts: 3,106

Thanks for posting this in the open, and before the LOL memes;

May I suggest given FTP player base was ~50 US/50 ROW that you make a public pledge to pay a 1/2 payment (or installments) to GBT to repay ROW players and will reserve other 1/2 for US player fund once further details w.r.t to US repayment become publicly available.

This will make your intentions clear and would be a good gesture to poker players US and non-US worldwide, in keeping with your previous good work.

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02-02-2012 , 07:54 PM

#67

andyg2001

veteran

Join Date: Mar 2009 Posts: 2,905

Quote:

Originally Posted by The STUD

He would be paying FT, becuse FT is who he owes the money to.If he does not his dead beat borrower.

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02-02-2012 , 07:55 PM

#68

dirtydiana73

old hand

Join Date: Dec 2010 Posts: 1,742

Quote:

Originally Posted by CaptainRunGood

Or better yet don't borrow money in the first place and he and the others wouldn't be in this mess. While I respect the players for their ability why should have they been allowed to borrow in the first place?!?!? I go broke I gave to deposit just like anyone else. No one is above this rule.

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02-02-2012 , 07:55 PM

#69

DavidNB

Pooh-Bah

Join Date: Aug 2005 Posts: 4,332

Quote:

Originally Posted by The STUD

GBT IS NOT PAYING BACK PLAYER FUNDS...DOJ IS SETTING THIS UP FROM FTP'S ASSETTS. GBT IS ASKING FOR THE MONEY-IF HE PAYS THEM THERE IS NO INDICATION THIS MONEY WILL BE USED TO PAY BACK PLAYERS.

GBT are paying back the ROW players.

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02-02-2012 , 07:56 PM

#70

bbfg

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Quote:

Originally Posted by MicroRoller

Look, if FTP goes bankrupt, nobody is getting anything. It might be a nice though that in that case barryg can post his 400k on an account that is only used to repay a percent to players, but that's not how it works. The money would most likely be eaten up before it ever reaches an actual player, and would be years away from this date.

People need to realise GBT is the last chance to see your money back, and players that own money to FTP should really pay it back, the less TERRIBAD FTP's financial situation looks, the more positive it looks to GBT.

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02-02-2012 , 07:57 PM

#71

MikkeD

old hand

Join Date: Sep 2008 Posts: 1,498

Quote:

Originally Posted by nsoshnikov

Can anyone here respond to this?

Lol at waiting for 3 mins!

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02-02-2012 , 07:58 PM

#72

Azalin

adept

Join Date: Mar 2005 Posts: 953

Quote:

Originally Posted by The STUD

GBT IS NOT PAYING BACK PLAYER FUNDS...DOJ IS SETTING THIS UP FROM FTP'S ASSETTS. GBT IS ASKING FOR THE MONEY-IF HE PAYS THEM THERE IS NO INDICATION THIS MONEY WILL BE USED TO PAY BACK PLAYERS.

I DONT REMEMBER BARRY OR ANY OTHER PLAYER OWING TO FT COMING FORWARD THE LAST 8 MONTHS AND ADMITTING THEY OWE MONEY AND TRYING TO ESTABLISH A FUND OR A WAY TO PAY BACK ROW+US PLAYERS WITH THAT MONEY. Maybe Dwan is the exception..

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02-02-2012 , 07:59 PM

#73

bbfg

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Join Date: Aug 2009 Posts: 12,264

Quote:

Originally Posted by The STUD

GBT IS NOT PAYING BACK PLAYER FUNDS...DOJ IS SETTING THIS UP FROM FTP'S ASSETTS. GBT IS ASKING FOR THE MONEY-IF HE PAYS THEM THERE IS NO INDICATION THIS MONEY WILL BE USED TO PAY BACK PLAYERS.

1) GBT IS PAYING BACK PLAYER FUNDS IF THE DEAL GOES THROUGH
2) WHY SHOULD IT MATTER WHERE THE MONEY GOES

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02-02-2012 , 08:00 PM

#74

The STUD

grinder

Join Date: Oct 2010 Posts: 599

Quote:

Originally Posted by DavidNB

GBT are paying back the ROW players.

Okay have not read about this...makes more sense if this is true.

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02-02-2012 , 08:00 PM

#75

KingKoopaa

journeyman

Join Date: Aug 2010 Posts: 365

I'm gona have to ask this. Would be good if Barry released his SN. I remember a player (Seda1) who came onto the scene VERY quickly. Lost aloada money to Ivey only then fleed. Many speculated it was Barry G - Yrs later the debt is still there = Chip dump to ivey?

This is VERY unlikely... I like Barry etc etc and chances of this being true are 1% but given the likes of what we've heard you can't rule this stuff out. The fact these players borrowed money yrs ago and it hasn't been paid back looks like dumping but who knows.

Apologies if this derails - I don't post much but thought i'd mention this jus incase ya know.

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