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Token CEO

Penn Entertainment Officially Acquires Barstool Sports

Token CEO

Lemonada Media

Business, Management

4.24K Ratings

🗓️ 21 February 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

On today's episode we take an inside look at the Barstool Sports and Penn Entertainment acquisition. Erika give us an inside look at all the ins and outs of the deal and we also get to hear from Jay Snowden and other Penn employees on why they chose Barstool, what changes will be made, how the deal happened and much more. Enjoy! (00:02:24) Penn x Barstool Company Meeting (00:19:28) Q&A


You can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/tokenceo

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, token CEO listeners, you can find every episode on Apple podcasts, Spotify, or YouTube.

0:06.9

Prime members can listen ad-free on Amazon Music.

0:11.1

This is a big year for us. I think our biggest priority is for Barshtool to be Barshtool.

0:15.8

And for us to make incredible content and great content that makes people laugh,

0:22.1

to find new places to do that, different ways to do it.

0:25.5

Okay, it is all Penn National all the time this week. This is the token CEO podcast. It's a Tuesday,

0:36.1

February 21st. And this is episode 260. I'm Erica. I'm the CEO of Barshtool Sports and a

0:44.1

Penn National employee. So congratulations to everybody at Barshtool who has made this possible.

0:49.6

So much grit, like this is the best place ever and it's exciting to see all of that recognized

0:55.2

and it's exciting for us to have a new future with Penn. This week we're talking about the

1:00.3

ins and outs of the Penn acquisition. So you'll hear a little bit from our all-hands at Barshtool.

1:06.1

You'll get some glimpses of the Penn all-hands, which happened last week in Atlantic City.

1:13.0

And then as always, we'll do Q&A and whatever else we can struggle up.

1:18.9

So before we do that though, let's say big thank you before we had a big accounting team inside

1:23.7

of Penn. There's like a monstrous accounting team over there. Those Penn people count a lot of cash.

1:29.6

Like it's a gift. It's insane. If can you imagine having a business that's like largely cash and

1:36.7

and cash, cash, cash coins, whatever. And then having to like get that collected, move that to a

1:43.5

place, get it in the bank, invest it. Like there's a lot going on there. So I have a huge amount of

1:48.7

respect for the Penn accountants. If you don't have accountants as good as the Penn National accountants,

1:54.5

you might want to try Omega accounting solutions. So Omega accounting solutions love small businesses.

2:00.3

They love to help people understand their finances, make the most of their accounting,

2:04.9

get their shit together in their back office. The other thing Omega accounting solutions knows about

...

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