The Offshore Wire Forum > Offshore Gambling Information > Offshore Sportbooks > Is this Royal's darkest hour ? |
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slash
Dispute Arbitration Panel Member

      
Date Joined Mar 2005
Total Posts : 245
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Posted 4/6/2005 12:12 PM (GMT -4) |
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Old, yes I did.. but I wasn't posting 25 hours per day that he/she was the greatest person on earth. |
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marc
Registered Member
       
Date Joined Apr 2005
Total Posts : 21
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Posted 4/7/2005 2:17 PM (GMT -4) |
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Roberto,
I feel like when I read your possts, I get mixed messages about ROyal. On the one hand I recall where you indicated that the current owners have more than suffcient funds to pay players. On the other hand you are reporting taht they owe vendors in the the 6 figures. So does this mean that they have money, but don't want to pay, or does it mean that perhaps they don't have as much money as you thought.
Also how serious are the discussion regarding the sale of Royal. Is it fair to assume that the possible buyer is already aware of most of the current financial issues facing royal.
I'm just trying to understand your opinion of how safe Royal is. |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1300
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Posted 4/7/2005 4:33 PM (GMT -4) |
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marc,
Royal's owners have more money than any normal person could dream of. The problem is managing money in a fashionable way, pay when people expect you to do so and not when external pressure obliges you to comply.
The bookmaker who has made himself available to purchase Royal Sports has good knowledge of current state of the Company. |
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drunkguy
Registered Member

      
Date Joined Mar 2005
Total Posts : 867
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Posted 4/7/2005 5:18 PM (GMT -4) |
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marc
Registered Member
       
Date Joined Apr 2005
Total Posts : 21
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Posted 4/7/2005 7:02 PM (GMT -4) |
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So Roberto,
Wuold you agree that its a fair assumption that either the current owners will either continue to pay the players or sell the book. |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1300
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Posted 4/7/2005 9:05 PM (GMT -4) |
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marc,
Only time will tell. I am currently dealing with a truly disgusting situation that Royal left behind in Curacao. If they want to keep the book they must work really hard to fix all the mistakes they have made. |
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