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Who owns Barstool Sports?

Barstool Sports has been sold to Penn Entertainment Inc. Penn paid about $388 million for the remaining stake in Barstool Sports that it doesn’t already own, the sports and entertainment company said Friday. Penn and Barstool Sports first announced an exclusive sports betting and iCasino partnership in early 2020.

What is Barstool Sports worth?

Barstool Sports is worth $163 million according to the initial deal with Penn National Gaming. Three years later, Penn National Gaming will pay an additional $62 million to increase its stake to 50%.

How much did Penn pay for Barstool Sports?

Penn said it paid $388 million for the 64% stake in Barstool did not already own. 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 stake.

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