Dave Portnoy Nantucket Magazine Facebook
Dave Portnoy owns Barstool Sports, the company he founded, once again and now the mercurial businessman says he plans to deal with “traitors.” He recently bought back the firm for just $1 from Penn Entertainment, which had spent a total of $551 million in acquiring it.
So, what does he mean by that?
Well, Dave Portnoy thinks that some people did the wrong thing, in his opinion, during Penn Entertainment’s brief tenure as owner of Barstool Sports.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
“[People] don’t know the things I haven’t talked about but will now,” Dave Portnoy told the New York Post. “Regulators. There are specific people by name that have done what I think is treacherous stuff that I haven’t mentioned. Barstool Sports book is still the name [on Penn’s gambling operations]. I will wait until that switches to ESPN and won’t cause problems for Penn at any level.”
“But those people will have their day in court. My court. The court of Portnoy,” he added.
Portnoy also said he thinks the business will turn around once he is back in charge. Apparently, during its brief time in ownership, Penn lost hundreds of millions of dollars. But Portnoy points out that Barstool Sports only ever made money when he was in charge.
As for his management style, Dave Portnoy told the Post, “I think I’m a pretty well-liked boss, even though I can be a jerk to people. I think people are invigorated. And I’m clearly invigorated.”
Founded in 2003 in Milton, Massachusetts, Barstool Sports is a digital media company that produces content focused on sports and pop-culture.
David Portnoy is an American businessman, blogger, and podcaster. He is the founder and owner of Barstool Sports, a sports and pop culture blog. Portnoy is known for his controversial and outspoken personality. He has been criticized for his comments about women and minorities, but he also has a large and loyal following.
Dave Portnoy was born in Swampscott, Massachusetts, in 1977. He attended the University of Michigan, where he graduated with a degree in finance. After college, Portnoy worked as a financial analyst before starting Barstool Sports in 2003.
Barstool Sports quickly became popular with college students and young adults. The site features a mix of sports news, commentary, and humor. Portnoy is the face of Barstool Sports and is known for his “One Bite” pizza reviews, in which he gives his opinion on different pizzas.
Portnoy has been involved in several controversies. In 2017, he was criticized for making sexist comments about a female sports reporter. He was also accused of sexual assault by several women in 2021. Portnoy has denied all of the allegations.
Despite the controversies, Dave Portnoy remains a popular figure. Barstool Sports has a large following on social media and has been valued at over $1 billion. Portnoy is also a successful businessman. He has invested in several startups and has his own line of merchandise.
In 2020, Dave Portnoy donated $500,000 of his own money to The Barstool Fund, a relief effort for small businesses affected by the COVID-19 pandemic.
