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It originally launched in 2020 as Barstool Sportsbook, in partnership with the then-Penn owned Barstool Sports. In August 2023, Penn sold Barstool back to its founder Dave Portnoy , and concurrently announced a brand licensing agreement with ESPN; the 10-year agreement is valued at $1.5 billion, plus $500,000 in options for ESPN to purchase ...
[14] [15] [16] Portnoy re-purchased Barstool in August 2023 for one dollar, non-compete agreements in the gambling space, and a clause that if Barstool were to be sold again Penn Entertainment would take 50%. [17] The “Dave Portnoy Show with Eddie & Co.” was a podcast hosted by Dave Portnoy and Eddie Farrer that aired on Barstool Sports.
According to Vox, Barstool generated between $90 and $100 million in revenue in 2019, with the majority from podcasts, merchandise sales, and gambling deals. On January 29, 2020, casino company Penn National Gaming purchased a 36% stake in Barstool Sports for $135 million in cash and $28 million in preferred stock, valuing Barstool at $450 ...
After more than seven years at the helm of Barstool Sports — and in the wake of the company’s ill-fated sale in 2023 — Erika Ayers Badan announced Tuesday that she is stepping down as CEO.
Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn’s big win ... DraftKings said Monday’s game was the most bet-on college basketball game of all time for the sportsbook.
Barstool was sold back to its founder, Dave Portnoy, last year by PENN Entertainment after efforts to get the company into the sports betting business did not work out. Portnoy in a post on social ...
In August 2023, Penn reached a ten-year, $2 billion licensing agreement with ESPN Inc., under which Penn would rebrand Barstool Sportsbook as ESPN Bet later in the year. To license the branding, Penn would pay $1.5 billion in cash, and give ESPN options for $500,000 of its stock.
Feiner works for Barstool Sports. Feiner also is known to be the real life inspiration of Al Pacino's character in the 2005 film Two for the Money . [ 1 ] [ 2 ] Feiner is a host on Barstool Sports Advisors [ 3 ] with David Portnoy , Dan "Big Cat" Katz and Gerard "Jersey Jerry" Gilfone.