Barstool Sports is acquired by Penn Entertainment

[Randy]

Barstool Sports is acquired by Penn Entertainment

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.

apnews.com

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. Penn took a 36% stake of Barstool Sports in February 2020 for approximately $163 million, comprised of about $135 million in cash and $28 million in non-voting convertible preferred stock.

The initial deal included a path for Penn to gain full ownership of Barstool Sports.

Barstool was founded in 2003 by Dave Portnoy as a free sports and gambling newspaper. It is now a digital platform that covers sports, lifestyle, and entertainment with more than 200 million followers.

“Barstool is a proven, powerful media brand with an authentic voice and vast, loyal audience that provides us with a strong top of funnel for new customer acquisition and organic cross-selling opportunities across our growing interactive division,” Penn Entertainment Inc. CEO Jay Snowden said in a statement on Friday.

Thoughts?

What do you think of Barstool Sports?

 

[PGen98]

Not a huge fan of their politics, so I don't pay much attention to them.

 

[Nebulous's iconNebulous]

Heard about them for several several years but never bothered to attempt to consume any of their media. Oops

 

[Webster]

Not a huge fan of their politics, so I don't pay much attention to them.

Dave Portnoy is an idiot, the boss there; I mean, he goes by "Stool Presidente" on Twitter....

 

[PGen98]

Dave Portnoy is an idiot, the boss there; I mean, he goes by "Stool Presidente" on Twitter....

Yeah, makes a big deal about reviewing pizza. I get it, pizza's good, but...

 

[Nebulous's iconNebulous]

Yeah, makes a big deal about reviewing pizza. I get it, pizza's good, but...

Pizza is life!

 

[PGen98]

Pizza is life!

Pizza is definitely life!

 

[Nebulous's iconNebulous]

Pizza is definitely life!

Not the pizza I had a couple days ago. Very little sauce. Just bread and cheese which would be good if I wanted breadsticks but I wanted pizza.

 

[PGen98]

Not the pizza I had a couple days ago. Very little sauce. Just bread and cheese which would be good if I wanted breadsticks but I wanted pizza.

Ugh. Should have seen the cheesesticks I had the other day, not an ounce of flavour, a pre-made crust they just shoved in the coveyor belt, cheese melted and then left to sit long enough to turn into a ball of goo. Awful. All teens running the place, never going back.

 

[Nebulous's iconNebulous]

Ugh. Should have seen the cheesesticks I had the other day, not an ounce of flavour, a pre-made crust they just shoved in the coveyor belt, cheese melted and then left to sit long enough to turn into a ball of goo. Awful. All teens running the place, never going back.

Thats the worst. If you would have complained they probably would have just given you the runaround too.

 

[PGen98]

Thats the worst. If you would have complained they probably would have just given you the runaround too.

Agreed, easiest just to take them, not enjoy them and never go back.

 

[Nebulous's iconNebulous]

Agreed, easiest just to take them, not enjoy them and never go back.

....and blow up their yelp page!

 

[PGen98]

....and blow up their yelp page!

I DEMAND TO SPEAK TO YOUR MANAGER! RIGHT NOW!!!

Excuse Me!!

 

[Nebulous's iconNebulous]

 

[PGen98]

Oh no you di'nt

 

[Nebulous's iconNebulous]

Oh no you di'nt

I've been here for 200 years!!!!! Lol

She'd hate to be here in California. Everyone speaks spanish but me Mexican music and television are on ALL the radios and TVs.

 

[PGen98]

I've been here for 200 years!!!!! Lol

She'd hate to be here in California. Everyone speaks spanish but me Mexican music and television are on ALL the radios and TVs.

It's the same here, and if you're THAT offended by a little bit of Spanish on tv you must have one hell of a sheltered life.

 

[Nebulous's iconNebulous]

It's the same here, and if you're THAT offended by a little bit of Spanish on tv you must have one hell of a sheltered life.

I agree. I'll bet she can remember a time when everyone in her city was white, now she's offended at a little diversity? She can go fuck off. Diversity is a good thing.

 

[PGen98]

I agree. I'll bet she can remember a time when everyone in her city was white, now she's offended at a little diversity? She can go fuck off. Diversity is a good thing.

I'll bet she's one of those people that refers to any minority group as "the [name]." The blacks, the gays, the arabs, etc. Anything to seem as dismissive and superior as possible but oh, no, definitely not a bigot!

 

[Nebulous's iconNebulous]

"the [name]." The blacks, the gays, the arabs, etc

All my favorite people! Lets party