Full Tilt Poker sold?

The Full Tilt debacle took another turn this week as rumours of a French buy-out spread over online forum TwoPlusTwo.

According to TwoPlusTwo Pokercast host Adam Schwartz, a ‘very reputable source’ has reported that the deal between Full Tilt and unknown French investors ‘was done’

‘I was told by what I feel (and most of you would too btw) is a very reputable source. The person doesn’t want me to say their name,’ wrote Scwartz

‘Obviously I wouldn’t have said it if someone sitting next to me in the $1/$2 game told me. If some of you are unhappy that I tweeted it, what can I say, I felt it was worthy of some confidence.’

News of the investment was echoed by Jeff Ifrah, one of the attorneys for Full Tilt, who claimed a consortium of French investors were interested in buying the beleaguered site.

‘The investors are totally committed to doing this – we’ve met with them and seen the funds.  Their primary concern right now is the AGCC’s decision on Full Tilt’s license,’ said Ifrah. ‘The investor’s position is that if Alderney revokes the license, they won’t go through with the deal because it makes things too difficult.’

Any deal struck by the site would have to include the full repayment of all outstanding player balances, added Ifrah.

However, no official statement has been released by Full Tilt confirming the deal.

PokerPlayer will bring you more on Full Tilt as and when we can..