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re: Portnoy has bought back Barstool
Posted on 8/8/23 at 5:35 pm to Lester Earl
Posted on 8/8/23 at 5:35 pm to Lester Earl
He got 100% of the brand/name/content side back for free but signed a full non compete on the gambling side and signed away all their assets that are gambling related.
Penn also receives 50% of the proceeds on the content side if he ever sells again.
As has been mentioned he is still heavily invested in PENN.
Penn also receives 50% of the proceeds on the content side if he ever sells again.
As has been mentioned he is still heavily invested in PENN.
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