I'm thinking about bidding on FullTilt. Hey all you pros out there that owe FullTilt $15 million...give it to me so I can get this deal moving and pay everyone back.

Barry, I agree and support your position on this.

Things are too confusing and murky to rush into anything at this time. I think you being primarily concerned about us players is correct both because you are a us player and attracted us players.

Because the people whom he borrowed from stole 400 million dollars and he wants to make sure his payback goes to the right place.

Barry did not borrow your money or any FTP players money. He borrowed money from people who stole money from FTP players. They are not the same thing at all and Barry being an American player certainly makes his priority reasonable.

When I read Barry's post I knew row players would be pissed. So predictable. Barry is doing the right thing here and people are still being rude. Barry did not steal from anyone nor did he have anything to do with the stealing.

Because FTP was a complete criminal farce. The reality is if Barry wanted to spend a fraction of that money he could probably avoid paying back the debt.

Not wanting to give money back to people who stole massive sums from a community he is a major part of, is the stand up thing to do.

People telling him to just pay it back are being insane. His payback will not facilitate or expedite anything else happening. It would be morally irresponsible to just pay it back and was his hands. Barry should be applauded for wanting to guarantee the money is returned to players. If he gives it to tapie there is zero guarantee it goes to players. They could just claim it is going to players and then take a different 450k out. Waiting until it shakes out and all payments are determined Barry can guarantee players get his repayment. People are not being rational. Barry is doing a good thing here.

So you are cool if Barry just cuts a check to bitar or ferguson?

There is no guarantee that his money goes to pay back players. Unless 100% of all players get paid in full his money can be hidden from paybacks.

Barry wants to make sure if players are not paid in full 100% of his money goes to players. Sometimes I wonder about the poker community. People claim it is a game of skill and smarts but then threads like this exposé a collectively low iq.

If Barry pays tapie now and all players are not payed in full it is very likely his money did not go to players. Why people here are demanding that is beyond me.

If it was clear and official that all players got full reimbursement Barry will give the money to tapie. How anyone can argue that or be against that makes zero sense.

So if you borrow $100 from a buddy and he steals 5k from your mom and cousin and his dad comes and asks for the $100 you will hand it over no problem? People are being both irrational and liars. People want Barry to be an idiot. You are the same people who would attack bg for paying back the money when everyone only gets fifty cents on the dollar. Seriously I have to question if most poker players are capable of being functioning adults when reading a thread like this.

It is his moral responsibility. It is amazing how people don't care if Barry's money goes to players or not. By telling him to just pay it back you are saying you don't care about his money going to repayment. On any payout less than 100% his money will not go to players.

Sorry, it is not moral responsibility to owe half a million, but will only pay it back if it goes to the people who he likes and supports him. (i.e., "hey, I'll repay the half mill, but I wanna get something out of it.) That is outrageous. It is his moral (and legal) responsibility to pay his debts.

Pay your damn debts, he didn't dictate what they did with the money before he borrowed it, they didn't dictate what he could do with the money when they lent it to him, and he doesn't get to dictate what they do with the money when he pays it back. That logic is completely ******ed.

People act like they have any idea about the terms of the loan. If they had no scheduled payback and FTP never asked for it back what would be wrong? Clearly the loan was extended for Barry to play on the site. Given how poorly FTP was run it is likely there was no payback time schedule nor any requests for payback. Remember the FTP operators were stealing 400 million dollars. Recalling 15-20 million in loans was not necessary.

Painting bg as being a bad guy for taking a loan without knowing the terms of the loan is just silly. Private loans take all kinds of
forms and paybacks can take decades or be perpetual.

For all we know the gbt phone call was the first time anyone asked him to repay the loan. If that is the case why is he a bad guy.

Also lol at people not understanding why someone with money would take a 400k interest free loan.

As far as we know, nobody from x has asked for the money back, so it would be dumb to pay them as well.

50 cents on the dollar? lol, you mean fractions of a penny on the dollar.

I've posted this a thousand times, and it amazes me how many people still think that the players are going to be made whole in any amount that will even come close to satisfactory.

The players are not the only ones who got screwed over. There are hundreds, if not thousands, of legit employees who were screwed out of salaries, wages, benefits, 401k matchings, and so on that are all rightfully and legally owed to them. I can tell you right now, that every single one of these people will be paid in full, or accept a settlement damn close to full, before any player ever sees a single dime. And this amount of money for this category of recipient is extremely high I can promise you.

In addition, anyone holding a lien against FTP property real or personal, any preceding court judgments, and all FTP attorneys fees will all be paid in full before any players see a dime.

So as long as people like Barry keep withholding money that can get paid to these legit sources, the players will sit and wait. It is understandable for Barry to want to "keep it in the family", but that is not his right, and there are lots of other honest people who are deserving as well, and will come before everyone else in the eyes of the law and the feds.

I said a year ago that the players will never see a dime, and a year later nothing has changed to make me sway from that. There isn't any money, and the people who do have money that will pay it won't do so unless their strings of contingencies are met. Sad.

We have no evidence that the people / entity who loaned him money requested repayment.

Thinking that having him ship repayment in this confusing FTP/doj/gbt group somehow would solidify things is just naieve. All shipping it now does is make it likely gbt pays 382k less to get things going. I really don't understand the logic people are using here.

The only problem is that this isn't a bankruptcy.

Since gbt is not paying us players how does that help? Barry wants to see everyone paid. If he makes that deal and all row get paid but us only gets 50 cents then it was a bad decision. Gbt can not guarantee anything for us repayment. Barry can rightfully sit back, wait for things to unfold and pay when the time is right.

People saying he rush to pay now or escrow or make a deal with tapie are not being rational. The deal is not breaking on Barry's repayment. Rushing anything right now in this mess would be extremely foolish.

It will be. The creditors will force them into it, if the Federal Gov. doesn't themselves, and they will have a slam dunk case for forcing it. It's only a matter of time, and then they'll begin their chapter 7, or chapter 11 for the lulz.

Wrong

That is why you will never be rich. Only a fool would turn down an interest free and collateral free loan for 400k. Over the last five years that could have earned a minimum of 30k-50k in base interest.

If anyone offers you an interest and collateral free loan with no strings attached and you turn it down, punch yourself in the nads. Wealthy people use other people's money all the time. Turning down an interest and collateral free loan is dumb because you are just throwing money away.

Barry G had nothing to do with your money being stolen. The irrational tilt some of you are on is amazing. I am going to have to start discriminating against poker players when hiring people given what I have seen in this thread.

Barry didn't steal anything. We don't know the terms of his loan nor do we know if FTP ever asked for repayment. With money being a key part of poker how come so many poker players have no understanding of money, loans and finance? This thread is a train wreck of irrational vitriol towards Barry

Again, Barry had nothing to do with stealing your money. In fact Barry actually got money from the crooks and is keeping it in hopes of getting it back to people like you who they stole from. This is a good thing

No one here wants to work for you. Seriously, how delusional are you?

This gullibleness is the same reason why the FTP mafia was able to steal 400 million dollars. It will be the same gullibleness that gets people to take it when tapie pays less then 100 cents on the dollars and blames the people who got loans for the lack of payout.

Stop getting played, first by FTP and now by gbt.

To be fair they were not loaning out their money, they were loaning out your money.

I'm downright shocked that there are people stupid enough to still believe that Barry hasn't paid because he cares one bit about us players. I don't even know where to start

After having read the Matusow thread and now parts of this, I'. convinced that the Tapie Group is up to some shady business. If I was owned money by FT I would not expect to get anything from the new owners since they are doing some really strange stuff at this stage.

Why would they ask for money before they have finalized the purchase FT and why wouldn't they want these debts to be payed to FT?

BG has no way of knowing if making a payment to the Tapie Group would have any impact on the debt to FT since they have no legal right to enter an agreement for a 3:rd party. He could pay $400k and still have the debt as I understand this mess. A good deal for Tapie Group who get some free money and still will have the debt on the books.

This Tapie Group look like a big scam to me and I doubt you who are owned money by FT will get your money back if the purchase it. It looks more like they are looking at buying assets and cleaning out FT and letting it tank. There is no way they will be able to make up the money they are to pay for FT in the near future as it is which make this look a bit shady.