Ferguson Holding Up FTP Deal

Ferguson Holding Up FTP Deal January 29, 2012 Mario Alfonsi
by Mario Alfonsi  |  Published on Jan 29, 2012  |  Updated on Jan 29, 2012

A long while after Black Friday, nobody wanted to hear about Full Tilt anymore, but somehow it continued to happen.  A deal with a French Investor, Groupe Bernard Tapie, was in the works and looked promising, but that is beginning to change now. Chris Ferguson, a former Full Tilt player  is the reason this deal may take even longer to take place.According to a reliable online poker news source on this fiasco, Subject:Poker, Ferguson was to receive about $60 million from Full Tilt since 2007. To date he has only received about $45 million and is demanding that the rest be paid. Well the fact of the matter is that Ferguson did have the remaining $14.3 million already, but he handed it over to Full Tilt after Black Friday in order to help them out and hopefully receive a favorable position in the new ownership. The only problem with Ferguson becoming any type of owner of the newly revamped Full Tilt is that the US Department of Justice, in their deal with Groupe Bernard Tapie, explicitly stated that no former member of Full Tilt may become an owner of the new website.Now Ferguson and his lawyer, Ian Imrich, have requested to see pertinent financial documents from Full Tilt. As of now that is a request that has yet to be satisfied. Imrich’s has threatened that he and his client will do everything in their power to get this money. That is all fine and good, but these types of frivolous lawsuits are exactly the type of thing that can put a substantial delay on this deal going through. We will keep you up to date and let you know as soon as a deal is reached. There are many people around the world who are eagerly waiting the return of what was arguably one of the best online poker sites around.

Hi Poker Enthusiasts.. My name is Mario, and I have been around the poker scene for the last 15 years, and is a dear passion of mine. I will be bringing you the best the poker world can offer in terms of news and offers