Alright Frankie, Barstool Sports is no longer a free man. . March 1, 2023. In January 2020, Penn Entertainment, then known as Penn National Gaming, paid $163 million for a 36% stake in Barstool Sports, with previous owner the Chernin Group left with the same percentage. El Presidente. The executive reportedly sold about 51% of Barstool in 2016 to the Chernin Group for roughly $5 to $8 million, based on reports at the time. Here’s what you need to know: 1. June 29, 2023. In 2016, Portnoy sold a majority stake of Barstool Sports to The Chernin Group, allowing the company to expand its reach and influence. The Barstool. This basically means Big Cat gets ownership. ago. v. Here is an overview of Barstool Sports’ history and its ownership changes: 1. Dave is said to own a third of that share, which is worth roughly $16 million at today's prices. He sat on an outdoor stage alongside other Barstool personalities with cans of High Noon, a vodka drink that he and Barstool are paid to promote. In that sense, Barstool’s sale to a gambling company is perfect. On Friday, Dan “Big Cat” Katz, co-host of Barstool Sports’ “Pardon My Take” podcast, gave a long-winded 10-minute rant complaining that he was not involved in the decision for Barstool. This move comes as the company’s founder, Dave Portnoy, regains control of Barstool Sports after a series of ownership changes. Your wager must have betting odds of -200 or longer to be eligible for the promotion. With that being said, Barstool Sportsbook could have grabbed an 8. Fortunately for him, at the time he was ready to make the jump to full time blogger Barstool was reaching the height of its popularity. Barstool Sports is currently in the process of laying off something like a quarter of its workforce, less than three weeks after the company was sold by casino operator Penn Entertainment to Dave Portnoy for the low, low price of one dollar. The move marks a remarkable journey for Portnoy and Barstool Sports. Barstool Sports, the controversial sports and pop-culture blog, agreed to sell a 36% stake to casino operator Penn National Gaming for about $163 million, the latest sign of convergence in sports, media and gambling. They've made the playoffs 11 times since 2000. By. Chernin Group will retain 36 percent ownership. Now we're hearing Soto and Cronenworth are on the trade block, and that's just one season removed from giving Xander Bogaerts nearly $300M over 11 seasons. 11 per BC share (the SEC filing literally calls them “Katz compensation shares”). The conference call number is 212-231-2913; please call five minutes in advance to ensure that you are connected prior to the presentation. Black Friday Week: Barstool Sports + Walmart: Get up to 20% Off Sports Fan Gear at Walmart (Free Next-Day Shipping on Eligible Orders $35+) View at Walmart. Open. Our pick for Best Modern Stool is 18 inches wide. Barstool Sports is known for being crude and posting misogynistic posts, such as jokes about rape. Brad Polumbo. Gym. 1,860 likes. 7 million, 7 cents a share, on revenue of $1. By. 3% ownership between Joe and Lily, the two remaining partners. 6 billion and earnings before interest, taxes, depreciation, and amortization up by 1. NEW YORK -- Barstool Sports,. Mandatory Credit: Jasen Vinlove-USA TODAY Sports Barstool Sports By. It was in 2013 that the company went exclusively digital. 3: Compliance with Other Instruments: 30 :. Penn paid about. Penn reported its 24 Barstool retail sportsbooks in 10 US states took $179. He took a small-town print publication and turned it into a media giant worth $450 million, and his net worth exploded because of it. The changing ownership of Barstool Sports comes because of another move made by PENN. The company's sports and men's lifestyle blog network delivers text, video and podcast content across its website, application and social platforms, enabling its customers to get daily updates on sports. Kevin Clancy Tweeted That He & Nugent ‘Are Going Through a Hard Time’. PENN operates 43 properties in 20 states,. Barstool’s specials wound up pulling similar numbers to the Futurama reruns typically airing in that slot, and maintaining about the same percentage (50 to 80 per cent) of the @midnight lead-in. jim_dandy_ • 6 yr. The lion, the wig and the warrior. If Portnoy still owned 49% when Penn bought Barstool in a series of transactions starting in 2020, he may have collected another $230 million—about half of the cash Penn paid out on top of stock for. “By the way I’m crying on the inside,” Portnoy added in a second tweet. Gaz has always been untouchable. Barstool started as a print-only publication in the early part of the 200's with Portnoy self-distributing the pieces on the Boston public transport system. The breakdown of the transaction was. The. News of Penn’s full takeover of Barstool follows the announcement of strong second-quarter results earlier this month (August 4) that showed revenue up by 5. This move marks the first time in 10 years that the 46-year-old has taken up 100 percent ownership of said business. Banking Options. To recap: Portnoy gets hundreds of millions of dollars via the original Penn Gaming sale — albeit not all $551 million, since an outside investor owned 51% — and less. Plainridge Park Casino parent Penn National Gaming announced that it is purchasing 36 percent of the equity in Barstool in a transaction valued at roughly $163 million. Portnoy had previously sold a majority ownership stake in the company to The Chernin Group,. In The Dave Portnoy Show With Eddie & Co, Kmarko and David discussed the circumstances. View this post on. An option to buy controlling ownership will be determined at that time. Back in January 2020, casino company Penn Entertainment purchased a minority stake (around 36 percent) in Barstool Sports for $135. The deal calls for Penn to increase its stake to around 50 percent in three years, with options to buy the entire company. 6 billion to buy the 85% it doesn’t already own of sports drink maker BodyArmor, it marked a serious windfall for some famous investors. “Once I was sure that it was going to be a stable career move I pulled the trigger. Penn paid $551 million to buy Barstool, via a two-part deal that began in early 2020 and concluded this past February. bar goes through ups and downs, depending on what's hip, and it's his job via the "reality" show "Bar Rescue" to take a failing bar and mold it into something that will work. On August 9, 2023, an exciting development took place in the media industry as Dave Portnoy, the visionary founder of Barstool Sports, regained complete Best stocks to buy now DisclaimerPenn National Gaming is betting big on its newest partner, Barstool Sports. Working at Barstool Sports is rated below average by 25 employees, across various culture dimensions. Back in 2020, PENN (as Penn National Gaming) purchased 36% of the media company for $163 million. The company, which Portnoy founded in 2003, experienced transformative shifts in ownership over the years. “We are extremely pleased to welcome Barstool Sports fully into. Penn National Gaming agreed Wednesday to acquire a 36% stake in Barstool Sports, a collection of irreverent sports blogs, podcasts and other media. In a few hours (10 p. 29. Detroit Lions Fans Are Starving For A Playoff Run. For. Its stake decreased to 36% when Penn Entertainment, then called Penn National Gaming, joined ownership in January 2020, with Barstool employees owning the remaining 28% of the company. Penn, Barstool Sports and ESPN plan to rebrand the Barstool. In the deal, Barstool was valued at $450 million. Beyond its wide-ranging impact on the sports betting space, Tuesday’s bombshell ESPN-PENN Entertainment deal also has huge ramifications in sports media — especially for Dave Portnoy, who will regain 100% ownership of Barstool Sports, the company he founded in 2003. ('Barstool') common stock to David Portnoy in exchange for certain non-compete and other restrictive covenants," a press release. Attorney Brian N. The company's controversial past continues to spur debate. 0. That may seem crazy of zonker to turn it down but think of it, barstool is growing and growing and more and more having to do less with sports. Sources say The Chernin Group, which currently. ( sep. 20% Off. S. The ownership percentage for your one million shares based on issued and outstanding: And, based on fully diluted: So which numbers should you use? Do you own 18% or 15%? Here’s where it’s helpful to understand the context and the motivations. In front of a crowd of cheering fans in University. Ownership Percentages and Business Loans. The Chernin Group. In its release, Penn said it sold “100%” of Barstool to Portnoy “in exchange for certain non-compete and other restrictive covenants” and the “right to receive 50% of the gross proceeds. Typically, startups go through multiple rounds of funding, and with each successive round, the founder's ownership percentage shrinks. You are an owner of the LLC. 0001. Chernin Digital Group pumped an additional $15 million into expanding Barstool in 2018; two years later the company—now more of a lifestyle brand for men whose personalities and politics resolve as a conspicuous habit of saying aloud the word "tits"—was valued at $450 million when Penn paid $136 million in cash and stock for a 36-percent. 11. For the first time in a decade, I own 100 percent of Barstool Sports,” Portnoy said. Now the digital media company, perhaps best known for its. Penn, which acquired 36 percent of Barstool in 2020 and purchased the remainder of the company this past February, was reportedly concerned about how Mintz’s comments could jeopardize regulatory. Barstool is back in the news this week, again casting a bit of a shadow over a Penn Entertainment earnings call. Kevin Clancy is a famous American T. As the numerator, determine the number of shares and share equivalents. "Every time we did something, it was one step forward, two steps back. Penn Entertainment has secured the remaining interest in Barstool Sports for $388 million. Charlotte deserves a winner after years of aimless meandering amid MJ's turbulent, unsuccessful ownership tenure. Lynne Sladky—AP Images Barstool Sports has been sold to Penn Entertainment Inc. Now we're hearing Soto and Cronenworth are on the trade block, and that's just one season removed from giving Xander Bogaerts nearly $300M over 11 seasons. Ownership in Barstool Sports: The ownership structure of Barstool Sports has evolved over the years. David Portnoy (2003-2016):. On Tuesday, Portnoy announced that he regained full ownership of Barstool Sports, the company he founded in 2003. If Barstool was on the open market it would be massive money. 20% is 20/100, that is, 1/5 of the number. El Presidente 11/23/2023 7:29 PM. 5 percent ownership would be worth $50 million. For the first six months of 2023, before Barstool was sold back to Mr. In December 2019, a Portnoy sex tape was exposed. United States portal. . On Tuesday, Portnoy announced that he regained full ownership of Barstool. David Portnoy is known as a sports media figure and online entrepreneur in the US, having founded Barstool Sports. C. That financial situation is what likely spurred the once-again. 5 billion deal with Disney ’s ESPN to launch. This move comes as the company’s founder, Dave Portnoy, regains control of Barstool Sports after a series of ownership changes. 90-inch island / 25 inches per stool = 3. Like what the fuck is that? And sure, you could say. m. in Business Moguls. This is a great way to establish a solid customer base. Penn Entertainment Now Owns 100 Percent of Barstool Sports. Sununu. 4% to $476. e. Select “Yes, adjust percentages” to view the list of owners assigned to that property and their corresponding ownership percentages. Both. Then there’s Barstool Sports . , first as a fantasy sports newspaper, then morphing into a sports and pop culture blog, the site now registers approximately 66 million monthly unique visitors. Penn had the option in January 2023 to increase their ownership stake to 50 percent or to purchase the entire company. with an option for eventual full ownership. The entertainment and gambling company paid $163 million for a 36% stake in 2020 and recently exercised its option to purchase the remaining 64% of Barstool Sports they didn’t already own for $388 million. The initial deal included a path for Penn to gain full ownership of Barstool Sports. Barstool Sports employees rate CEO Rating highest among all categories, and think that Environment and Work Culture have the most room for improvement, putting Barstool Sports’s culture in the Bottom 20%. I think they probably clear a couple of mil a year for PMT - but also have to account for cost of stuff. ~$7 million of the ~$450 million valuation were for shares newly issued to Dan as part of this transaction. With a net worth of $120 million as of 2023, Dave Portnoy famously known as El President is a widely known sports media American Celebrity. Barstool founder Dave Portnoy had sold. You can also click on individual properties in the “Property” tab for each rental owner to view and edit ownership percentages. Barstool on opening day shit the bed. Nate has been asking Barstool Sports' #1 blogger by the numbers (yours truly, and thank you for contributing yet another click) to do some power rankings for a few weeks now. Understanding your ownership percentage—and how to change it—can help you leverage significant influence over the future of your company. In January 2020, Penn National Gaming paid $163 million for a 36% stake in Barstool Sports, with previous owner the Chernin Group left with the same percentage stake. In a few hours (10 p. Renee Portnoy. 1 day ago · The Entire Barstool Store Is Now 20% Off Through Cyber Monday. Barstool started as a print-only publication in the early part of the 200's with Portnoy self-distributing the. You're in the top 20 percent if you can find the odd sofa in under 30 seconds. KFC. 4, PENN had announced its decision to purchase $62 million worth of Barstool Sports common stock to raise its. Kevin Clancy Age. The day has come, when a bunch of middle aged football Coaches stare directly into the sun and pose for an awkward photo that none of them want to be a part of and I dust off the old computer and see if these blogging fingers still work. Kevin started hosting several podcasts, including KFC Radio, Barstool Radio, and The Rundown. According to Portnoy, “Every time we did something, it was. 166. After all, he's trying to save bars, and as of April 2022, he's attempted to help over 200 bars. m. The remaining percentage of the company is owned by Portnoy and a few other executives at the firm. com and request a copy; or. It was in 2013 that the company went exclusively digital. . Barstool selling remaining 50% ownership to Penn, completely controlled by Penn in Feb - [quote]Lucas Shaw @Lucas_Shaw Penn National is paying $325 million toWe would like to show you a description here but the site won’t allow us. The typical U. Kevin Clancy popularly known as “KFC Barstool” is an American Blogger and Podcast Host who was born and brought-up in the United States. On Tuesday, Portnoy announced that he regained full ownership of Barstool. At the time, the deal was worth $163 million. I was going nowhere at my firm. 0. They have been a great partner for us. Penn National will increase its ownership to about 50% after three years with a further. Among other. The two-part process will first see Penn pay $62m for 50% ownership. barstool ownership percentages. Working at Barstool Sports. . Penn National Gaming ( PENN 1. 9 SEC filing. The changing ownership of Barstool Sports comes because of another move made by PENN. That’s the source of the $7m minimum he made from the initial transaction ($49. Just as you retain complete ownership of Your Content (subject to the license to us granted above), all other users of the Platform retain ownership of. By. Part of the reason why Penn acquired the company was that Barstool got back to its gambling roots. Since Nardini took the wheel a few years ago, the company’s valuation has multiplied at least 5x. Unfazed by the latest sexual misconduct allegations against Barstool Sports founder Dave Portnoy, the head of Penn National Gaming affirmed in a quarterly investment call Thursday morning that the gaming company will proceed toward full ownership of Barstool. Portnoy, Penn National reported that Barstool had lost $16. At such a price, a 0. As part of the $450 million deal, Penn received a 50 percent ownership stake in Barstool. In August 2019, 53% of white voters said that they or someone in their household owned a gun, and 24% of Black voters said the same. And, yes, it is believed that the big-name operators are responsible for the bulk of their respective licensee’s reported revenue. Now, he gets this site back for just $1. For example, the website comparably. 11 per BC share (the SEC filing literally calls them “Katz compensation shares”). 2% year on year to $1. Barstool Employee Group valued at $21mm with Dave at $14. The company initially purchased 36% of the website in 2020 for $163 million in a deal that combined sports gambling. Kevin Clancy (b. Revenue from their Barstool Sportsbook & Casino app. The Barstool-ification of the GOP could reconfigure its cultural politics for a generation. Barstool Sports’s primary competitors include Deadspin, Bleacher Report, The Ringer and 7 more. A little over three years later, PENN has completed its purchase for an additional $388 million. With Portnoy having 100 percent control over editorial, Nardini came in to oversee the entire. WYOMISSING, Penn. Description. The deal valued Barstool at $450 million and granted Penn a 50 percent ownership stake. KingMarklar • 6 yr. Barstool Radio Alex Cooper Reveals She Hasn't Heard from Sofia Since Call Her Daddy Split - Barstool Radio. . The Berks County-based company, which operates Hollywood Casino York and dozens of other casino. but I found another sale for the mattress that gave an additional percentage off so that was a no brainer. When Penn Gaming acquired the site, Barstool Sports had a valuation of $450 million. SpaceX Starship Explodes Though Craft Reached New Milestones. Portnoy bought Barstool back for one dollar and has since sold 1. The initial deal included a path for Penn to gain full ownership of Barstool Sports. PENN Entertainment has completed their buyout of Barstool Sports in a move that has been anticipated since last August. 119. Jun 3, 2021; Miami Beach, Florida, USA; Bar Stool Sports founder Dave Portnoy stands in the ring at World Famous 5th St. It's gotta be here. 2 million in 2020. Barstool MA Intro Promo: First bet insurance up to $1,000. Penn originally paid $163 million for a 36% stake in Barstool in 2020 and then bought the remaining 64% of Barstool for $388 million in February. Before that hearing, Snowden defended Barstool, its employees, its responsible gaming practices and blasted a New York Times story critical of the. Dave Portnoy buys back 100 percent of Barstool Sports from Penn "Barstool has been a great partner and we are thankful to Dave Portnoy, Erika Ayers, Dan Katz and their team for helping to rapidly. Per multiple sources, the representatives of USC quarterback Caleb Williams had been making it known to prospective agents that Williams wants partial ownership of the team that selects him in 2024, if he declares for the draft. 2m in 2016. In a video posted to social media, Portnoy confirmed that “for the first time in a decade,” he again owned 100 percent of Barstool. Barstool's staff had ballooned to approximately 430 workers during Penn's period of. #1. For instance, using the scenario above, if the company. On January 29, 2020, it was revealed that Penn National Gaming (now Penn Entertainment) had paid $163 million for a 36% ownership in Barstool Sports, giving the business a $450 million valuation. Penn also announced that it sold Barstool Sports, an irreverent sports media site, back to its founder, Swampscott native Portnoy. In three years - or sooner, depending on certain circumstances - Penn National Gaming will increase its ownership to 50 percent and eventually establish full ownership of Barstool, thanks to an. If you’re applying for a loan, lenders will evaluate the credit of each of your shareholders (generally, any person with 20% or more ownership). 29. Penn National acquired a 36% share of Barstool Sports for $163 million in January 2020. the 52-week trading range of. 3 How much does KFC make at the barstool? Ans. 5 billion as part of the deal and a further $500 million in warrants tied. Penn reported revenues of $1. The initial deal included a path for Berks County-based Penn to gain full ownership of Barstool Sports. Q. He has an estimated net worth of $5 million by 2023. Penn sports betting entertainment empire. Penn National Gaming acquired a 36 percent share of Barstool on Jan. As CEO of Barstool Sports, Nardini’s net worth is tied to the value of the company. He began selling the company to investors several years ago. Barstool Sports By Ben Koo on 06/25/2019. 1 million for Penn Entertainment, who paid a total of $551 million for ownership of the brand. Penn National to Acquire 36% Interest in Barstool Sports for Total Cash and Stock Consideration of $163 Million. If any member leaves the company (e. Estimated net worth: $6 million. Back in January 2020, casino company Penn Entertainment purchased a minority stake (around 36 percent) in Barstool Sports for $135. Penn also explained in the filing that it agreed to increase its ownership in Barstool to 50 percent "(within) three years after the closing the transaction or earlier at [its] election", and had the call rights to purchase the rest of the shares in Barstool. 11x142k). Barstool Sports raises millions to help small businesses amid pandemic. Penn Entertainment, a gambling firm, announced Tuesday it would be divesting Barstool — selling the entity back to Portnoy — while entering a $1. listeners to its podcasts during July with 30. Lime is currently the #3 top flavor in the Hard Seltzer. Barstool Sports founder Dave Portnoy launched a fundraising effort with the nonprofit 30 Day Fund for small businesses impacted by COVID-19 called "The Barstool Fund, contributing. Warrants: 600,000. The deal valued Barstool's entire operation at about $450 million. latest entertainment, gaming, movie, tv, sports, and trending news from all around the webPenn Entertainment, a casino-and-sports-gaming company, finalized its acquisition of Barstool earlier this year in a $551 million deal after acquiring a minority stake in the sports blog in 2020. This month, 56% of. 91. ”. During Kevin’s first two years of blogging for Barstool, he led a double existence as a blogger and office worker. Portnoy previously sold a majority ownership stake in the company to the Chernin. Some details have emerged regarding Dave Portnoy regaining full ownership of Barstool Sports, including one crazy nugget. The breakdown of the transaction was. NEW YORK -- Barstool Sports, which got its start in Milton 20 years ago, completed its $388 million sale to casino operator Penn Entertainment on Friday. Penn, which acquired 36 percent of Barstool in 2020 and purchased the remainder of the company this past February, was reportedly concerned about how Mintz’s comments could jeopardize regulatory. Penn expects to buy the remaining shares in two phases that add up to $387 million. Have zero issues with any other book. Key Background. 7mm he got when he cashed out) and the guys $2mm or $1. announced Jan. Every. February 17, 2023 / 4:44 PM EST / CBS/AP. Today, Mr. " As of August 2023, Dave is once again the sole owner of. On January 7, 2016, private equity firm The Chernin Group (TCG) purchased a 51% majority stake of Barstool Sports, valuing the company at between $10 and $15 million. With the company’s valuation in the hundreds of millions of dollars, even a small percentage of the company isn’t an insignificant amount of money. by Jarvis Dobrik. Kevin Clancy Kevin Clancy Biography and Wiki. Barstool's app reeled in north of 20,000 new registrations during those one-and-a-half days, and it beat every other operator in App Store rankings. In early 2020, Penn Entertainment announced that it was going to acquire a 36 percent stake in Barstool Sports. During Kevin’s first two years of blogging for Barstool, he led a double existence as a blogger and office worker. As of 2022, global ownership is estimated at approximately 260m, with a standard deviation of around 19m. This purchase was worth between $10 and $15. On Tuesday, Portnoy announced that he had regained full ownership of Barstool Sports, the company he founded in 2003. Conservatism portal. Over the course of two trades, he sold pieces of Barstool a controlling share to The Chernin Group and another to Penn Gaming, who paid $163 million to the founders for a 36 percent ownership in. Stocks are ownership in a real business. Barstool Sports is a digital media company that publishes news and insights on sports and accessories segments. The time is now. Point is, the Hornets are not going to the NBA Finals. The company purchased 36% of Barstool Sports common stock in February 2020. Penn Entertainment, a casino-and-sports-gaming company, finalized its acquisition of Barstool. Examples of percentages are, 10% is 10/100, that is, 1/10 of the number. Adjusted EBITDAR fell 3. The A's ownership has cost Oakland multiple pennants by never really investing in the team when they've had success over the past 25 years. Now, that deal has been in the works for several years, and a lot has changed since Penn’s first investment in 2020. • We depend on certain properties that generate a significant percentage of our revenues. Depending on the percentage or share of your ownership, you may be a minority or majority owner. Wednesday is now the best day for Podcasts at Barstool: new PMT, new KMS, and now The Kevin Clancy show. You can make edits until those percentages equal 100%. He began selling the company to investors several years ago. As soon as he joined Barstool, he became a force to be reckoned with among “Stoolies”. Penn paid $551 million to buy Barstool, via a two-part deal that began in early 2020 and concluded this past February. I’d much rather take a shot on those players at a fraction of the ownership than eat the higher ownership on a kid coming off his first win, playing in his first career U. Penn National Gaming (now called Penn Entertainment) purchased a 36% share in Barstool Sports in January 2020 at a $450 million valuation. 2mm based on Big Cat, KFC, and Kmarko each getting 5% or 3% of the. Penn Entertainment ( PENN) has sold its ownership in Barstool Sports, meaning Dave Portnoy owns 100 percent of the company again. Elon Musk': Charging for Blue Checks, Tooling on Stephen King, Uncovering Lies from Previous Ownership and Landing a Rocket. The American sports blog website, Barstool Sports has regained its bootstrap owner, Dave Portnoy who got his company back after a prolonged period of 20 years. She was employee No. Breitbart News Network (known commonly as Breitbart News, Breitbart, or Breitbart. 29, 2020, 2:23 p. Recently, Dave made an emergency announcement to confirm the news. Twitter. Barstool Sports fully acquired by casino owner for $388 million. 72, in Thursday trading. 26 percent at the time that he captured the image. Barstool Sports Gambling By Andrew Bucholtz on 02/17/2023. 8 million unique U. 00 dollar) and certain non-compete and other restrictive covenants,” the. The purchase of the remaining Barstool share will be completed by February 2023. Penn Entertainment Penn Entertainment completed its previously announced acquisition of Barstool Sports, paying $388 million for the 64% stake it did not already own. Now, he gets this site back for just $1. but I am listening to the first episode right now and I have to be honest I am pretty confused 🤷🏻♂️ he starts with a rant about how now that he has his own show he can “finally talk about what he wants to talk about” and “no one else can tell him. In August, Penn Entertainment increased its ownership stake in Barstool Sports to 50 percent, with the intent to eventually own the company fully in what is expected to be a roughly $550 million. Penn National Gaming finalized its purchase of Barstool Sports late Tuesday, valuing the company at a whopping $450 million. value contains non iso-8859-1 characters postman. It generated. Penn took a 36% stake of Barstool Sports in February 2020 for approximately $163 million, comprised of about $135 million in cash and $28 million in non-voting convertible preferred stock. PENN said it sold Barstool back to Portnoy “in exchange. So just as anti-P. ; Penn plans. For the first time in a decade, I own 100 percent of Barstool Sports,” Portnoy said. With a lineup of nearly 100 podcasts, Barstool had 5. It's not fair. The initial cash transactions totaled $163 million. The publicly traded casino company Penn Entertainment is poised to take over Barstool, following a 2020 deal in which it bought a 36 percent stake. 2 million. Call Her Daddy (doesn't go to spotify), PMT, BFFs, Dave Portnoy Show, Spittin Chicklets plus all the other profitable podcasts. (“Barstool”) not. Penn Entertainment has officially completed its acquisition of Barstool Sports and now owns 100% of the brand. post new topic. Dave Portnoy has once again become the owner of Barstool Sports, the sports blog he founded in 2003. Barstool Sports' new Scottsdale bar is now open, marking another step in the controversial company's Arizona expansion. I was going nowhere at my firm. He also had pre-existing Barstool shares (an undetermined amount), so his total equity % is/was higher than the ~1.