Full Tilt has said it has received an offer to buy it from French investment company Bernard Tapie. The deal could mean more than $300 million currently owed to players could be paid back.

However the deal will only happen if the company can resolve its legal problems with the US government.

The investor Bernard Tapie is best well-known for owning German sportswear company Adidas for a few years in the 1990s
In June the poker world was stunned when Full Tilt was shutdown worldwide after it had its channel island gambling licence suspended. Federal prosecutors accused Full Tilt of being a giant Ponzi scheme.

This was especially shocking as the site is predominantly owned by some of the most famous poker players in the world including Chris Ferguson and Howard Lederer.

The site is alleged to have paid $444 million in players money to board members leaving it owing far more money than it has.

Full Tilt was first sued by the US government in April. Although initially Full Tilt argued that players accounts were segregated from operating activities. It has subsequently been discovered that they were drained regularly.