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7th place 2019 World Series of Poker Main Event finisher Nick Marchington is speaking out about a staking lawsuit that has seen his $1,525,000 tied up in the courts.
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The staking group - C Biscuit Poker Staking partners, David Yee and Colin Hartley - claims Marchington owes 10% of his winnings or $150,000.
From PokerTube:
The somewhat murky staking affair, detailed in a series of messages between the warring factions in court records, saw the staking duo pay Marchington $1,750 for 10% of his action across two events.
One of those, the Main Event, saw the 21-year-old Englishman pull out of the deal, claiming he could receive a better price – 1.7 markup instead of 1.2 - apparently agreeing with his stakers on a refund.
Marchington wrote:
“It is disappointing to see a backing operation argue a player does not have the right to cancel a stake before a poker tournament starts, especially after accepting the player’s refund."
It's not the first time WSOP Main Event winnings have been withheld due to a pending lawsuit.
The 2016 winner Jamie Gold agreed to settle a lawsuit with Los Angeles TV producer Bruce Crispin Leyser after his $12 million cash, the biggest ever for the Main Event.
- Ace King, Gambling911.com
