Dave Portnoy Sold Barstool for $550 Million, Bought it Back for $1!
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 25 August 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Unbelievable twists in the world of business! Dive into the rollercoaster journey of Dave Portnoy as he sells Barstool Sports for a whopping $550 million and then manages to buy it back for just a single dollar!
Plus, we'll delve into Disney's surprising venture into sports betting. Is the House of Mouse looking to dominate yet another industry? Tune in to get the full scoop! #barstool #daveportnoy #sportsbetting
Link to full episode: https://youtu.be/DUEkJRnEw7E (https://youtu.be/DUEkJRnEw7E)
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Transcript
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| 0:00.0 | Let's talk about this ESPN deal with Penn. |
| 0:07.0 | I'm on. |
| 0:08.0 | Didn't you want to break it down? |
| 0:10.0 | I know you put up a post about it, but it's something I might not have seen it. |
| 0:13.0 | I think you did it pretty eloquently, my brother. |
| 0:16.0 | So the ESPN deal with Penn Gaming. |
| 0:19.0 | They point noise involved. |
| 0:21.0 | Give us the parameters of what happened there. |
| 0:23.0 | They port noise. |
| 0:24.0 | Is that how you say his name? |
| 0:25.0 | Leave us off. |
| 0:26.0 | Yeah. |
| 0:27.0 | So he's the guy who started bar store sports. |
| 0:33.0 | They have a media division, have a podcast network. |
| 0:37.0 | So Gillian Walo is under. |
| 0:40.0 | So he sold his company a few months back for $550 million to Penn. |
| 0:47.0 | Penn is an online gaming company of sorts. |
| 0:52.0 | But then Penn struck a deal with ESPN last week, $1.5 billion for sports gaming. |
| 1:02.0 | Book of business. |
| 1:04.0 | But part of the deal was that they couldn't have competition that they own. |
| 1:11.0 | Not a complete situation. |
| 1:13.0 | So that made it a conflict of interest for them to own parcel. |
... |
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