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Peter Chernin's The Chernin Group purchased a majority stake of Barstool on January 7, 2016 and it was announced that the headquarters would move to New York City. In 2020, Penn National Gaming purchased a 36% stake in Barstool Sports from the founders for $163 million, including $135 million in cash and $28 million in Penn non-voting convertible preferred stock. Following the sale, The Chernin Group maintains a 36% stake in the company, while Portnoy continues to run the site and retains creative control over content.
In the summer of 2020, Madison sent Barstool Sports' founder, Dave Portnoy, a direct message on Instagram complimenting his famous "one bite" pizza reviews.
nymag.com)Staring Down the Sports-Gambling Gold Rush — and Sexual-Misconduct Allegations — Barstool’s Founder Bets on the Culture War.Portnoy onstage at a Barstool party in 2017. Photo: John Parra / Getty Images/2017 Getty Images (Source:
A new Insider report by Julia Black alleges that Dave Portnoy, the founder of Barstool Sports, had “violent and humiliating” sex with women as young as 19. The internet personality, whose public behavior is essentially synonymous with Barstool’s brand of frat-bro misogyny, has been accused in the past of cultivating an environment where sexual harassment and cyberbullying are encouraged, but this is the first time someone has come forward publicly with allegations of sexual misconduct against him.
podcasts.apple.com)You're pouting Dave because you got played due to your vanity and naïveté. Now grow up and stick to your girlfriend or even better go back to your wife. (Source:You’re Pouting Dave!
Reggaeton Star Karol G Okay But Sore After Massive Fall During Performance – Video
Despite Portnoy’s denials, the Penn National stock was hammered today. A poor Q3 earning report announced today, combined with the Portnoy story, saw the stock fall to a yearly low, then rebound slightly. It still amounted to a 20 percent loss on the day for Penn.
Dave Portnoy and Chicago Eddie talk the inner workings of Barstool, while reflecting back on company history with guests that everybody knows and loves.