Pokerati: PokerBowl money problems

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Dan Michalski over at Pokerati wrote about the inaugural PokerBowl and some apparent ongoing financial problems today. Excerpt:
I guess maybe we shouldn’t be surprised when a tournament that relies on too many freerolls and forgets to take any juice runs into a financial clusterflubbing. Bummer if it can’t be resurrected. Just ask anyone who participated … it really was pretty cool.
This email went out last week updating those with a vested interest in the success (or failure) of the PokerBowl on where things currently stand:
Date: Wed, 2 Jan 2008 23:29:35 +0000
From: help@pokerbusinessenterprises.com
To: help@pokerbusinessenterprises.com
Subject: POKERBOWL MONEY OWED URGENT UPDATEPoker Bowl Participants: The nature of this email is to inform you that Poker Business Enterprises ( “PBE” ) has entered into escrow to purchase the assets of USPOKERBOWL (”USPL”). PBE is in the process of evaluating all the assets and liabilities that USPL has incurred under the ownership of John Nightingale and Traci Wolfe. This due diligence period will be for the next 30 days. This includes the prize money which was not paid at the poker event held at the Palms in Las Vegas along with any promises not kept to franchisees. PBE is deeply committed to finding a resolution satisfactory to all parties who are still owed prize money.









