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Message: [QUOTE="okeedokalee, post: 1851788, member: 33910"] quotes from Pokernews: Dayanim told Gaming Intelligence that Phil Ivey, David Benyamine, Erick Lindgren, Mike Matusow and Barry Greenstein are among the players who owe $10 million to $20 million to Full Tilt Poker. That amount was discovered while GBT was conducting due diligence to learn more about Full Tilt Poker's financial situation. “The diligence has revealed that the financial position is worse than we had anticipated”, Dayanim told Gaming Intelligence. “We do not want to litigate a whole bunch of individual cases against professionals post-acquisition so we are trying to negotiate but we have not been making a lot of progress. “This is not the only issue that is holding up the sale but it is a significant one. The company has greater liabilities — excluding player liabilities — than we had hoped. The forfeiture would extinguish any U.S. claims to the assets but they do not necessarily extinguish creditor claims in other countries.” Despite the concerns raised by the investigation, sources inside the company still seem confident that they will be able to complete the deal with Full Tilt Poker and the Department of Justice by the end of this month. It’s been hinted that some players would only be interested in repaying money if it went into a fund that would pay players back. Is that something GBT would consider as an option? Some players have said things like that, some professionals have said things like that. I use the term professionals just because I don’t want people to be confused. We’re not talking about the mass of players who have balances on Full Tilt, we’re talking about professionals who owe the company money. The reality is this. If we are unable to resolve some of these substantial obstacles that stand in the way of the completion of the deal, we won’t be able to complete the deal. If we don’t complete the deal, then the rest of the world players won’t be compensated nor made whole because we won’t be there to do it, and the government would have less money than it otherwise would to pay the U.S. players to the extent that it plans to do so. That’s the reality. We really need to resolve some of these issues in order to be able to purchase the company. This is a significant issue. Read more: [url]http://www.pokernews.com/news/2012/02/groupe-bernard-tapie-attorney-ivey-benyamine-other-pros-owe-11939.htm[/url] Read more: [url]http://www.pokernews.com/news/2012/02/groupe-bernard-tapie-attorney-ivey-benyamine-other-pros-owe-11939.htm[/url] [/QUOTE]

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