True

If GBT decides not to purchase FTP, than USA players get half as money.

GG Barry!

MnhX GHzHhgghDu

Lol at Barry being broke..

Jeeze..

Is it so hard to understand that Barry wanted to play on FT High Stakes and asked for a 400k loan rather than transfer 400k which could have taken a while?

Anyway he's with Pokerstars (gettin' paid) and still gets decent results, last year banking 341K.

lol clowns, i doubt a guy who useda donate/or still does, donate all his winnings to charities is out to pulla scam people are so dumb to assume barry is up to no good.

Is it really that hard to believe? He's lost piles on PokerRoad.com, donated a ton of his winnings when he was flush on cash, and likely has gotten bruised up a bit in cash games by superior players over the last five years. It seems possible that he has way less money than the masses would guess.

But he really is broke. 341k represents a losing year for a tournament pro because that doesn't even cover his buy ins. Look at his stats on hendonmob and you will see that he has a terrible track record in tournaments over the last 5 years. He also gets killed at Aria playing with other pros. Ask those guys how he does in the game. He is only in action because he is good friends with Phil Ivey and he loans him money to play. Barry isn't a high roller any more he is just scraping to get by and he doesn't have the money to pay FTP but is pretending he didn't pay because of some made up reasons. He is broke for sure.

Pokerstars pays at least some of his tournament buy-ins. But I guess you must be right. You had very convincing statements there.

From the horse's mouth:

FTP steals $300 million dollars and now they call people up to say "pay me what you owe" Only in the poker world!!!

Wheres your proof?

I'm not saying Barry G isn't broke but it is pretty lolworthy to claim Barry G is broke without any substantial evidence...

341K would represent a losing year for a tournament pro if he paid for all his BIs...

Those "loans" (my guess is they were more like gifts with a "pay us back whenever) were just part of the massive misappropriation of player money. The money doesn't belong to them and by holding out they are making it more difficult for a deal to actually occur. It's not FTP yelling for the money back, it's Tapie, the only investment group that has a chance of relaunching the site and actually settling players' accounts. So, everyone with money on FTP has a vested interest in the pros that benefited from this criminal enterprise returning the money.

Barry owes money and claims that he has it but is choosing not to pay. He can prove he has the money. I can't go into his accounts and see what is there but he owes Ivey tons of money and he'll never be able to pay it. All the high stakes players know Barry is broke and is living off Ivey money and has been for years.
Kralex as lolworthy as me claiming Barry is broke with no evidence it's equally lolworthy for you to believe that he isn't. What makes you believe he still has money and that I'm making this up? If you talk to any high limit players and ask them, they will tell you Barry has been broke for a while now and Ivey takes care of him.
Barry doesn't have 400k to pay his FTP debt but he is creating stories to make himself look good its smart PR spin.

I don't believe Barry should pay FTP at this point as there is no substantial evidence they will do anything but line there own pockets with it and use the money for their personal legal defense. Whether it is beniffical for Barry to hold off cause of personal cash flow problems is neither here nor there.

I do however believe that Barry should pay me the money cause I plan on making a bid for FT that is better then GBT's deal. However, if Barry fails to pay me the money he owes FT immediately most likely the deal I have planned will not go through. Since many people in this thread feel that Barry should be paying money owed to people who actually don't own FT and are just negotiating to acquire it, then I think I should be considered for that 400k payment.

The thing I don't get is, if Barry isn't broke, why not just escrow the money ASAP?

He said he owes the money, and he said he's going to pay 100% of what's owed. Why not just escrow and get this over with.

If he was the first person to pay back the money, he'd get TONS of good publicity, clear himself of this mess, and look like a good guy. Plus I'm sure stars wants to distance themselves as far from tilt as possible right now, and tying up this loose end would be good for his endorsement deal too.

I don't get it. If it was me, I'd snap escrow and put this behind me.

I believe I just figured out the whole Phil Ivey plays huge craps thing etc. Although I have personally witnessed Phil playing craps I have always suspected that he doesn't play as often as the legend and lore has blown it into. Phil's divorce court said he owed 14 million to casinos. Barry talked about owing millions to casinos other than FT and getting essentially intrest free loans to invest with.

If Ivey propagates the myth that he's a sicko gambler and gives some action to casinos he gets large sums of credit. He can calculate exactly how much he will lose long term on his casino gambling and make sure it's less then what he'd make with his intrest free investing money.

Real simplified EX: play big a few times at diffrent casino properties and let his gambling legend grow. Make sure his total -EV is less than say 3% of 10 million. Take 10 million in Casino credit and invest in something that pays 7%. Net 4% of 10 million.

That's a rationale for not paying back a loan?

I don't think you can take your casino credit and use it for anything other than playing in that casino. The casino isn't trying to be a bank, it's just fronting the money to play in their own games.

yeah but who cares what most people would like him to do?

he needs to do what is best for him

So big deal Barry phantom deposits $400k......where's the remaining $121,600,000 that the US players phantomed?

We're gonna need a forum dedicated to this type of thread soon

This has to be one of the stupidest things I have ever read on 2p2. Are you aware of BGs expertise in the IT market? Has he shown you his IT portfolio? Do you think one of the world's most well known players ONLY plays against the toughest competition and get crushed by them? Are you aware that BG donates his tourney winnings to charity simply because he makes SO MUCH money in cash games and through other business ventures? Im upset that you had the ignorance to type out your post, but I hope you don't actually believe the things you typed...

How about this ask Barry himself. He doesn't give money to charity anymore he stopped doing that at least 5 years ago. He doesn't play in the biggest games anymore or the 100k buy in tournaments because he can't afford to. He isn't winning at anything and Phil Ivey takes care of him. I'm not making this up. You don't have to believe me but if you ask high stakes players about Barry they will tell you he is broke and that he loses more than he wins. He does have a PokerStars deal of course which he can use to pay his bills but not his debts to Ivey or FTP. If his IT portfolio was so good then why would he owe Ivey and FTP so much money? He's broke. That doesn't make him a bad person or anything but he is lying about why he didn't pay FTP that much is for sure.

Are you the infamous Scott Matusow? If so, are you getting your information from your brother who owes money?

Care to state your name and/or your references?

That's true but Tapie hasn't bought Full Tilt and he's also a convicted thief. So essentially here's a convicted felon saying...."pay me the $15 million dollars you guys owe and I'll buy FullTilt and pay everyone back." And here's a guy like Barry Greenstein saying..."slow down a minute Jesse James I want some assurance that the money goes to the players and you're not pulling a fast one." We all want things settled but Barry G is a smart guy and he's being cautious which is the right move. That's why he's made a tremendous living for 20+ years by making the correct decision. Barrys also smart enough to not come out and say..."I don't trust Tapie as far as I could throw him" because it could hurt the deal but I'm sure he doesn't trust Tapie as far as he could throw him.