FTP signs buyout agreement

[parttimepoker]

I know it's in the news section already but wanted to start a thread ..

Full Tilt Poker Acquisition Agreement Signed

Dublin, Ireland (September 30, 2011) Laurent Tapie, Managing Director of ‘Groupe Bernard Tapie’ announced today that the group has signed an exclusive agreement with the Board of Directors of Full Tilt Poker to acquire the company and all of its associated assets.

This agreement, which includes the repayment of Full Tilt Poker’s world-wide players in full, is subject to several conditions; the first of which is a favorable resolution with the United States Department of Justice. Discussions with the United States Department of Justice will begin immediately.

‘Groupe Bernard Tapie’ has over 30 years of experience in the salvation of financially distressed businesses, with over 40 companies acquired and managed to profitability, the most well-known being the sport equipment giant, Adidas.”

[Jeremy]

Should be interesting to see how this unfolds. If both players and affiliates got 100% of their funds returned it would be miraculous.

[GFPC]

Heck i would continue to send then handful of new players if that happened. Only if the get rid of the current clowns though.

[MG]

*fingers crossed* - wouldn't mind having my $27k stuck on Full Tilt back lol.

[parttimepoker]

*fingers crossed* - wouldn't mind having my $27k stuck on Full Tilt back lol.

I'd probably throw in my toes too at that amount.

[Tim]

‘Groupe Bernard Tapie’ has over 30 years of experience in the salvation of financially distressed businesses, with over 40 companies acquired and managed to profitability, the most well-known being the sport equipment giant, Adidas.”

He's also an ex-con.

[Laurence]

He's also an ex-con.

That just adds to the novelty when you go on to run a poker site.

[TheTattooedGuy]

Mate of mine has written an analysis of the AGCC stuff

Full Tilt update

[MG]

Full Tilt exclusive: In his first interview, Laurent Tapie says he believes in the Full Tilt project and has the funds to repay players, but admits there is

[MJ]

Kind of disheartening that the guy did time for trying to fix sports matches with teams he owns!

That said, looks like good news for everyone with a balance stuck. Hopefully it won't come with any strings attached.