Chris Ferguson's $14.3 Million Full Tilt Dilemma
February 5, 2012 1:44 pmAccording to a report by online news source ‘Subjectpoker.com,’ Chris “Jesus” Ferguson may be hampering a purchase deal of Full Tilt Poker by Groupe Bernard Tapie (GBT) in order to safeguard $14.3 million he put into the company post Black-Friday.
Apparently, the Full Tilt co-owner had received around $60 million from the company since 2007, but post-Black Friday put back $14.3 million to help with the company’s expenditures. Allegedly, Ferguson also viewed this as a “good will” gesture that would enable him to become part owner of the site once again, after Full Tilt Poker was acquired by Groupe Bernard Tapie.
However, during negotiations with the U.S. Department of Justice it was stipulated that none of the current FTP board of directors would be permitted to hold even partial ownership of the company. This caveat thus scuppered Chris “Jesus” Ferguson’s ownershipvplan, as well as his $14.3 million investment, with the US pro subsequently holding up the deal believing his rights have been denied.
Subjectpoker.com then finished its article by stipulating: “(We) would like to make it clear that we have no reason to believe that the above threats (by Ferguson and his attorney) have in any way been successful in stalling or impeding the (GBT/FTP) deal.”
As more and more revelations come to light during the ongoing Full Tilt saga, the poker community have been venting their views on what many see as “pure greed” on behalf of Chris Ferguson, with one Two Plus Two forum poster called ‘Carthac’ writing the following:
“This man not only shamed himself with FTP, put 100’s of millions of dollars of player money in jeopardy because of his extremely dishonest, greedy, and immoral actions, but now he wants to stand in the way of possibly recuperating and refunding his customers because of personal monetary issues from his former company? What complete scum of the earth.”