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barstool sports dave portnoy net worth pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

Who owns Barstool Sports?

Penn had just gotten full control of Barstool earlier this year, which it initially acquired from Portnoy in 2020 for $551 million. Portnoy has a net worth of $100 million as of August 2023, according to Celebrity Net Worth. Portnoy founded Barstool Sports as a print sports publication in Boston in 2003.

Why did Dave Portnoy buy Barstool Sports?

Barstool Sports founder Dave Portnoy bought the company back for $1. On Tuesday, Penn Entertainment sold 100% of outstanding Barstool shares to Portnoy after signing a deal with ESPN to rebrand their existing sportsbook, without Barstool.

Why did Penn sell Barstool shares to Portnoy?

On Tuesday, Penn Entertainment sold 100% of outstanding Barstool shares to Portnoy after signing a deal with ESPN to rebrand their existing sportsbook, without Barstool. Penn initially acquired a stake in Barstool in 2020, and gained full control in February 2023, in a deal worth a total of $551 million.

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