Rumors on Ferguson blocking FTP deal "false", says Tapie
Reports that Chris "Jesus" Ferguson would be prepared to try to impede the Full Tilt Poker takeover deal are not true, Laurent Tapie has said. The deal continues to move forward with Ferguson's support, he adds.
Subject: Poker last week published an article, which claimed that Full Tilt Poker mastermind Chris Ferguson would be prepared to try and impede the ongoing takeover deal of the company due to a series of unsettled accounts.

Subject: Poker's article described how Ferguson allegedly had been able to funnel large amounts of dividends through the company into a number of personal accounts.

Among the many transfers was also a $14 million "loan", which Ferguson had allowed the company to use for expenses in the wake of Black Friday.

It is this amount that Ferguson is now fighting to get back, or he would try and impede the deal, the article stated.

However, according to Laurent Tapie, head of the Groupe Bernard Tapie investor group currently working to finalize an acquisition deal with FTP and the U.S. Department of Justice, this isn't true.

Tapie has denied the rumors in an interview with iGaming France, saying that there is no truth in the allegations.

"This story is totally false. Chris Ferguson has no problem with regard to the completion of the takeover agreement, which is now imminent. Even if Chris Ferguson wanted to oppose it (which is not the case), he would not be able to because the agreement has already been validated," Tapie said.

He added that the acquisition agreement continues according to plans, and that he now hopes to be able to complete the takeover by the end of this month.

"Now that the due diligence process is nearly complete, and unless there are last minute surprises, we hope to do the deal by the end of February," Tapie added.

Ferguson also issued a number of statements via his lawyer Ian Imrich.

{poll 180 right}Imrich told CardPlayer Magazine that his client has been having a "very positive dialogue" with the Department of Justice, and that he "expects to have his case settled early in 2012."

"In short," Imrich said, "Chris' request has nothing to do with Tapie or the agreement reached with Full Tilt and DOJ, which my guy supports."

He also added that "based on what Chris and I are hearing from the parties, the deal should be done within the first half, if not the first quarter, of this year."

Poker.org will continue to monitor the situation and report on any further developments as they happen.
45 years ago
T
Good to know it has chris fergussons support, that will help the deal to go through more amicably.
2 years ago
8
News is coming so slow makin it doubtful they will get back in the usa market
and kissed that money gone a while ago so
2 years ago
Hopefully the will come back soon, but in the end we can only wait and see what happens.
2 years ago
How long, you guys, think it will take to reopen FTP?
2 years ago
I do believe they will open again this year so I will guess April or May, but do still want them to released earlier


I don't really want to believe that Chris was the one that stole they money.
2 years ago
9
Would you loan any card room $14 million? That itself isn't too smart.
2 years ago
1139
9
Ill never loan out 14 million $ in my life thats for sure!
2 years ago
Chris's best hope for recovering any money is to have the site up and running again. I couldn't quite believe the earlier report that he was upset with the takeover. Glad to see it corrected.
2 years ago
Kudos to Chris if he pays up what he owes. I read elsewhere that he wanted the money that he repays to go to the players reimbursement or he wouldn't pay it back.

Paying it and having it go towards staff paychecks is not justified if we dont get repaid in full at relaunch
2 years ago
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