- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
call me goat
| Favorite team: | |
| Location: | |
| Biography: | |
| Interests: | |
| Occupation: | Day trading savant |
| Number of Posts: | 24 |
| Registered on: | 8/6/2023 |
| Online Status: | Not Online |
Recent Posts
Message
re: PENN spent $551 million to purchase Barstool. Sold it back to Dave Portnoy for One Dollar.
Posted by call me goat on 8/9/23 at 11:00 pm to tunechi
quote:
The woke states wouldn't approve PENN because they were associated with "racist/misogynist" Portnoy.
PENN CEO said so today on CNBC, although not as bluntly.
This has been public knowledge all along even before the ESPN deal was a thing. This isn’t some breaking news
No shite, I thought this was common knowledge.
0
re: PENN spent $551 million to purchase Barstool. Sold it back to Dave Portnoy for One Dollar.
Posted by call me goat on 8/9/23 at 10:58 pm to AlextheBodacious
quote:
The woke states wouldn't approve PENN because they were associated with "racist/misogynist" Portnoy.
Which states?
He didn't say which states.
PENN CEO said that PENN being associated with Barstool made it difficult to get into certain states, because Barstool/Portnoy are so controversial.
Bottom line, there were states that wouldn't approve PENN due to their association with BS/Portnoy.
Now that they are no longer associated with BS, and are now associated with super woke Disney, they will get the green light.
I was surprised that he was as Blunt as he was about it.
re: PENN spent $551 million to purchase Barstool. Sold it back to Dave Portnoy for One Dollar.
Posted by call me goat on 8/9/23 at 10:48 pm to tunechi
quote:
Do you not realize their exposure with ESPN would be 100x that of Barstool regardless of getting approval in all legalized states? There would be no point to keeping sinking money into Barstool when you can put everything into ESPN, something that will actually be profitable
They sold it back for one dollar.
I'm pretty sure that publicity generated by Barstool would have been worth more than one dollar.
The woke states wouldn't approve PENN because they were associated with "racist/misogynist" Portnoy.
PENN CEO said so today on CNBC, although not as bluntly.
re: PENN spent $551 million to purchase Barstool. Sold it back to Dave Portnoy for One Dollar.
Posted by call me goat on 8/9/23 at 10:34 pm to Corinthians420
quote:
Yeah, and that had nothing to do with Disney
Good God you're stupid.
Disney would not do the deal unless they rid themselves of Barstool & Portnoy because them being controversial was making it difficult to get approval from the left woke PC states.
They could have still used Barstool for promotion etc, without using the Barstool sports book.
They gave back the company to Dave so that they now could go to the commie PC woke states and get approval.
re: PENN spent $551 million to purchase Barstool. Sold it back to Dave Portnoy for One Dollar.
Posted by call me goat on 8/9/23 at 10:23 pm to tunechi
quote:
I don’t think Disney really cared about Dave. Penn just knew they had a lot better opportunity with ESPN. Barstool is pretty niche. And even the biggest Barstool fans didn’t use the sportsbook app cuz it sucked arse
Wrong.
Penn CEO Snowden on CNBC today said that Portnoy/Barstool being so controversial made it difficult for Penn to get into certain states.
They literally needed to get rid of Barstool to get into certain leftist woke states.
That's why they gave it back to him for a dollar.
Apparently you aren't that familiar with Portnoy/Barstool.
re: Did Portnoy pay anything to get Barstool back?
Posted by call me goat on 8/9/23 at 10:18 pm to mule74
They sold it back for one dollar
re: PENN spent $551 million to purchase Barstool. Sold it back to Dave Portnoy for One Dollar.
Posted by call me goat on 8/9/23 at 10:17 pm to Jameson2954
quote:
Breaking…
Was that sarcasm?
Because the purchase price is breaking news, it was just released.
I assumed they sold it back for a song, but one dollar ?
re: PENN spent $551 million to purchase Barstool. Sold it back to Dave Portnoy for One Dollar.
Posted by call me goat on 8/9/23 at 10:11 pm to Cosmo
Yes, he still has PENN stock.
If he ever sells Barstool he has to give half of the sale to PENN.
He says he's never selling.
So he keeps the money he made from selling Barstool to Penn.
Keeps his Penn stock.
Now owns 100 percent of Barstool and all of the profits from Barstool going forward.
I'm not sure if Dave is a genius, lucky, or both.
Disney deal was contingent on Dave being gone, because Disney is uber woke & Dave is about as far from woke as it gets.
Penn CEO Snowden on CNBC today said that Portnoy/Barstool being so controversial made it difficult for Penn to get into certain states.
So Dave made 100's of millions from Disney/Penn for not being woke.
Gave him back his company just to go away so that they can get into the left woke states.
Good for him.
If he ever sells Barstool he has to give half of the sale to PENN.
He says he's never selling.
So he keeps the money he made from selling Barstool to Penn.
Keeps his Penn stock.
Now owns 100 percent of Barstool and all of the profits from Barstool going forward.
I'm not sure if Dave is a genius, lucky, or both.
Disney deal was contingent on Dave being gone, because Disney is uber woke & Dave is about as far from woke as it gets.
Penn CEO Snowden on CNBC today said that Portnoy/Barstool being so controversial made it difficult for Penn to get into certain states.
So Dave made 100's of millions from Disney/Penn for not being woke.
Gave him back his company just to go away so that they can get into the left woke states.
Good for him.
Popular
16
