Who is Mark Thomas?

Posted by Dan on February 18, 2009

You probably remember him as this guy (not to be confused with that guy). But WHO IS KAISER SOZE?

Actually what Midway creditors want to know is who he REALLY is, and how was he able to purchase Midway for $100,000. Remember these creditors hold some $100+ million of debt, and they’ve filed a motion in the U.S. Bankruptcy court alleging insider debt issuance. Gamepolitics has an analysis, but basically what it comes down to is an allegation that Thomas was improperly issued secured debt (which takes priority over unsecured debt), when he purchased the company. Potentially, now Thomas stands to get first dibs on any incoming repayment of the debts to Midway; and depending what he does with the company he could reap some big returns and leave the unsecured debtors high and dry. As a bonus, Gamepolitics provides us via Kotaku a link to the Chicago Tribune’s guessing game as to who Thomas really is.

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