It sounds like the legalization of infamous BitTorrent tracker site The Pirate Bay has hit rough seas.

Wayne Rosso, the former Grokster president brought on by the company hoping to turn The Pirate Bay legit, has cut his ties with Global Gaming, saying that he has "strong doubts" that the company has enough money to complete the deal.

"I and my colleagues have very strong doubts that the funding is in place," Rosso told Cnet. "And there are other issues regarding Mr. Pandeya's credibility that trouble us greatly."

Rosso said that Global Gaming also hasn't met payment deadlines to he and his staff.

Global Gaming's Hans Pandeya, though, says everything is fine.

"We have plenty of investors that are interested in this and Wayne is just one of our many consultants...he might have been too impatient. We pay everyone we do business with."


So nothing to see here, move along please.

It would be unfortunate if the deal fell apart, because the idea of turning The Pirate Bay into a form of grassroots marketing and retail sales is incredibly intriguing.


Former Grokster exec pulls out of Pirate Bay acquisition