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Message
re: Did Portnoy pay anything to get Barstool back?
Posted on 8/9/23 at 10:07 am to bod312
Posted on 8/9/23 at 10:07 am to bod312
quote:
I wouldn't call that a hefty price when he already got paid 9 figures to go from 30% to 100% ownership minus 50% cut for Penn if he were to sell.
He went from 30% of a fully marketable company to 50% of a company with significantly reduced marketability
2
Posted on 8/9/23 at 10:11 am to Upperdecker
....for $0.
Posted on 8/9/23 at 10:47 am to Upperdecker
quote:
He went from 30% of a fully marketable company to 50% of a company with significantly reduced marketability
Apparently, he still owns a substantial amount of Penn stock. So, if the Disney play works out, he stands to benefit from that as well.
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