Full Tilt Poker Sold to French Investors

Full Tilt Poker has been sold to French investors according to several sources. The buyers are the Bernard Tapie Group who formerly owned Adidas, who promise to pay all players in full.

Things are looking a little better for players. With Full Tilt being sold to new owners, they will want to try to rectify their reputation and paying out must be their first priority.
http://www.pokernews.com/news/2011/0...apie-11134.htm

This is getting interesting...Always loved FTP !!!

Ohhh - this sounds like great news for all of us! I finally have hope that I will see my $2k again - and everyone else will get their money back!

That sounds wonderful! It would be nice to receive my money back!

Encouraging--Fingers crossed, not counting my money yet. Don't they still have to acquire a license?

Yeah but I doubt it will difficult if they comply with the license requirements. AGCC said in their revocation announcement that the revocation did not mean they couldn't be relicensed under new ownership. The Tapie who had the legal issues you quoted apparently doesn't the run company now, his son does.

Thanks for the correction. I missed that.

http://www.marketwatch.com/story/ber...ort-2011-09-30

this would be an incredible turn of events...

Hmmm....

Not sure how "favorable" could describe anything related to how FT's charges will play out. So I wouldn't hold my breath just yet.

Associated Press also said buyer was Bernard. http://hosted.ap.org/dynamic/stories...L ATE=DEFAULT

(When I put "A""P" it changed it to Absolute Poker-lol).

finaly we may get some cash back, but dont hold your breath

Glimmer of hope is all I see. The guy has a checkered past, just dirty enough to be suspect.

I can hear the buzz in the world so loud it drowns out the noise of the nearby freeway...........

Hoping for the best here but still don't expect to ever see my cash again.

Amazing news. First interview with the buyer: http://www.igamingfrance.com/full-ti...E2%80%9D/24972

hoping for the best:

This agreement, which includes the repayment of Full Tilt Poker’s world-wide players in full, is subject to several conditions;

I think it's pretty encouraging, but it's going to take some time.

Dont you just love legal speak

This is awesome news. I might just get my 31 cents back now!!! lmao At least they are getting something done right, now. Tilt is still my favorite poker site. Crooks or not.

Saw this on Facebook 2nd link on the page. This is some much needed news.

This is good news. Will be watching for payment and looking forward to playing again. Hope that they keep the same format as I enjoyed playing at Full Tilt.

Great news, have been hopin against hope some french crook would come along & make this all better.

Back up plan is to get one thru the Kahnawake reserve in Canada, they reactivated after BF

waits... on pins and needles

Great news

TILT TILT TILT TILT

Could it be that one day we actually receive our Money.

I will believe it when Cash in hand ....

I'm not overly bothered about getting my money back, but I am very much looking forward to Full Tilt being back online again...

great news. i am fairly certain tilt will rise back to near the top if they can make things work. of course, hopefully it will not be under the french laws...

the group is called "Bernard Tapie" - but he is not running it himself any longer. so some confusion is to be expected - unless you mean to tell me that journalists know what they are talking about

I wish life was fair and we did indeed recieve all of our money back but I highly doubt it from this point forward. Better stick with the rakefree poker rooms instead. You save a ton of money and there are decent amount of players. They're maybe not strong...but who needs strong opponents? just rich fish

Keep your fingers cross ...would be nice to see that money again and it would be really nice to see FT up and running again ...I sure do miss FT.

Due to all this going on with "poker on line" I really don't want to deposit into a new site of poker knowing I will prolly lose that to .

Keep you chin up everyone and cross your fingers , lets see if we get are money back from FT or if FT starts running again on line.

hopin prayin but really would like too see
this issue resolved in a positive way

i want to see them avatars again.
specially that beauty with the boobies........
fred would leave wilma for her.
tho' i dont think homer would leave marge ??
and of course.....
that final table audience....

I am not getting my hopes up. They throw us little tidbits of information just to keep us interested. I no longer care about whether or not they might do something. I just want the end results. Money or no money!!!!!!!!!!!!!!!!

This has probably been posted somewhere already but here is an interview with the potential new owner. It sounds like they want the DOJ to release a lot of the money that they have taken over the years in seizures.

http://www.igamingfrance.com/full-ti...E2%80%9D/24972

In the interview they say that over 300 million was frozen. However, that is not the amount frozen on Black Friday, that is the amount seized over the last 4 years. While I belive it likely that the DOJ might release what they have currently frozen, I find it extremely unlikely that they will say to the investors, "Here, this is the money that we have seized over the last four years from what we believe to be an illegal operation. You guys take it we don't want it anymore."

If the deal hinges on the DOJ giving back money that they have taken pre Black Friday, I would not be overly optimistic.

That having been said this is the best news since the shutdown in June for the players.

Good luck.

I read everything posted (via links) yesterday and let it sink in overnight.

What I am left with this morning is;

-There are ethical issues with the guy/group wanting to buy FT. While they seem relatively minor, they will cause the DoJ to step back and check probably way to deep. (personally I think the Tour d France claims do not bode well as any sort of 'accomplishments' list on their resume).

-This new group hinted at preferring to NOT put up all the funds at once, and also hinted (but not said specifically) that the way to do that would be to allow players to play thru their accounts. They would probably prevent new deposits in the US, but possibly allow us to play with our own money while things (negotiations) progressed. I did not read that this would be a deal breaker, but that was a statement and how I interpreted it.

-Nothing will happen this year.

So don't hold your collective breaths kids.

Well I hope I get my money back too, or will they re open to the US market?

I'm doubtful us U.S.A players will be getting any $'s back anytime soon.