Originally Posted by SavagePenguin
I don't see how anybody with any business sense could possibly offer her a 1% stake in Full Tilt? I mean, she's an OK player (Zero WSOP final tables; her best finish being 15/766 in this years $1,000 rebuy. No WPT final tables (http://www.worldpokertour.com/Shared/Players/Bios/C/Cycalona_Gowen.aspx) either.) who has the temporary attribute of being pretty.
Even if she wasn't paid cash, didn't Full Tilt has put millions into her entry fees? But her value is due to her looks/image (depreciating assets) *not* her skill. She's not a good long term investment. Nissan doesn't offer 1% of their company (an appreciating asset) to a showroom model, even if she does know a lot about cars.
Don't forget, this apparent agreement was made in 2004 ( 4 years ago ) when things were really starting to take off.
Moneymaker won the ME in 2003, and Raymer took it down in 2004 and there was an enormous amount of activity going on with the big poker sites
as a result of it.
Also, it could be argued FTP had no idea what kind of future results Clonie Gowen would ever post for the next 4 years. They were buying into what they perceived at that point in time and what they hoped for in the future.
There is nothing to say that Tiffany Michelle wont run bad for UB over the course of the next 4 years and have nothing much in the way of big results. As with Clonie and FTP even though it was 4 years ago, UB are buying into Tiffany based on the here and now, what happens further down the road can be very different.