Phil Ivey backing half the players in the Flynt game?

From Poker Player magazine:

This is particularly convenient for Ivey, who, according to Eli Elezra, will sometimes back half the players at the table. ‘Without him backing these people, there would be no game,’ says Elezra, who’s played 40 or so times. ‘Who has that kind of money?’ Though Elezra doesn’t normally dig single-game poker, he makes an exception in this case. ‘Larry is a nice guy,’ Elezra enthuses, ‘but he plays way too many hands. That is why everyone plays with him. He’s won a million dollars a few times, but, at the end of the year he loses what he is supposed to lose.’

Full Story on the Larry Flynt Stud Game