Re: Jamie Gold Responds to $12 M WSOP Lawsuit
Maybe they're trying to figure out if that other guy's (Johnny Chan? whateva)10% comes out before the 50/50 split, after it, or independent of it. Several possible results: coach gets 1.2 million, G & L get 5.4 M each; L gets 6 mill, G gets 5.4, coach gets .6; L gets 6 M, coach gets 1.2, G gets 4.8. Seems like G would care a lot about getting the issue resolved before parting with 6 million, up to $600,000 of which could be (well, coach's share, but share that should be taken out of L's cut instead of his). And, in anticipation of discussions of typical backing arrangements, who knows what their agreement was: what are "winnings"? Who made the deal first (coach or L)? Etc. Just a thought
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