Portnoy had previously sold a majority ownership stake in the company to The Chernin Group,. If any member leaves the company (e. Kevin “KFC” Clancy has a vision for the future of the Barstool Sports office in New York City. "PENN has acquired the remaining interest in Barstool Sports for approximately $388 million. Dave Portnoy, the outspoken founder of Barstool Sports, has recently come under fire for past remarks some interpreted as racist and said he refuses to "bend. Advertisement. 2% year on year to $1. 1 million for Penn Entertainment, who paid a total of $551 million for ownership of the brand. 2 How much does KFC barstool make a year? Ans. In most cases, only owners with a 20% or higher. To up its Barstool ownership to 100%, Penn has to meet certain conditions with a total cost of $387m. The deal calls for Penn to increase its stake to around 50 percent in three years, with options to buy the entire company. At the time, the deal was worth $163 million. And, yes, it is believed that the big-name operators are responsible for the bulk of their respective licensee’s reported revenue. Your pour cost is how much inventory you’re using—in dollars—divided by how much of that inventory you’re selling. Portnoy’s $1 snag to regain full control of the company came a couple of weeks after he slashed the sale price of his listed Hamptons mansion from $13 million down to $10. The media partnership comes at the perfect time as the summer season approaches, and as High Noon introduces two new flavors to consumers. Big Cat 3/27/2023 6:10 PM. Barstool Sports, Inc. That deal lifted Portnoy from burgeoning national sports media presence into. Understanding White Sox Dave's Sense Of Humor (Free Swim) 14. Big Cat is believed to have an ownership stake in Barstool because he came aboard early in the company’s history. 1 day ago · The Entire Barstool Store Is Now 20% Off Through Cyber Monday. Penn National Gaming saw its stock price drop 21 percent after allegations of sexual misconduct against the Barstool founder. When known as Penn National Gaming in February 2020, it initially closed on a deal to purchase 36% of Barstool Sports for $163 million. Portnoy is among a small group of Barstool execs that maintains 28 percent ownership of the company. Barstool Sports is a digital media company that publishes news and insights on sports and accessories segments. High Noon partnered with Barstool Sports on May 4, 2020, to gain brand exposure. Open. He said Barstool’s presence in the. 05 for the first 100k listeners, 0. value contains non iso-8859-1 characters postman. There is a zero point zero percent chance of that happening. An important fact to know about Kevin Clancy is that he joined Barstool Sports in August of 2009 and is one of its key figures for the rise in popularity. percentages are, what they based on, and how they are applied. With that being said, Barstool Sportsbook could have grabbed an 8. Unfortunately, the schedules aren't attached as those really detail the transaction, while this SEC document is written by lawyers in such a way so the lawyers aren't sued. . Dave Portnoy, the founder of Barstool Sports, announced that he has repurchased the company after owners Penn Entertainment decided to sell. Barstool Sports Gambling By Andrew Bucholtz on 02/17/2023. Every dollar we make. Penn took a 36% stake of Barstool Sports in February 2020 for approximately $163 million, comprised of about $135 million in cash and $28 million in non-voting convertible preferred stock. but I am listening to the first episode right now and I have to be honest I am pretty confused 🤷🏻♂️ he starts with a rant about how now that he has his own show he can “finally talk about what he wants to talk about” and “no one else can tell him. Penn also explained in the filing that it agreed to increase its ownership in Barstool to 50 percent "(within) three years after the closing the transaction or earlier at [its] election", and had the call rights to purchase the rest of the shares in Barstool. Published Jan. You can place two $500 bonus bet wagers, four $250 bonus bets, or even 1,000 $1 bonus bets -- to match the bonus cash amount, up to $1,000. For legal advice, call 212 2531027 or contact me here. 0. ago. MJ's Son and Larsa Pippen are Getting Serious - Barstool Rundown - November 1st, 2023. Portnoy, Penn National reported that Barstool had lost $16. 6 million downloads. Just as you retain complete ownership of Your Content (subject to the license to us granted above), all other users of the Platform retain ownership of. C. Now we're hearing Soto and Cronenworth are on the trade block, and that's just one season removed from giving Xander Bogaerts nearly $300M over 11 seasons. Click it to confirm ownership of your account and complete registration. In August, Penn Entertainment increased its ownership stake in Barstool Sports to 50 percent, with the intent to eventually own the company fully in what is expected to be a roughly $550 million. Penn, which acquired 36 percent of Barstool in 2020 and purchased the remainder of the company this past February, was reportedly concerned about how Mintz’s comments could jeopardize regulatory. reporting that he is about to lay off around 25 percent of the workforce at Barstool,. Q. Kevin Clancy popularly known as “KFC Barstool” is an American Blogger and Podcast Host who was born and brought-up in the United States. 15. Back in January 2020, casino company Penn Entertainment purchased a minority stake (around 36 percent) in Barstool Sports for $135. Here are the 4 ways of how Barstool Sports makes money in 2022. By the common man, for the common man. Talked to 5 others saying they have same issues. This basically means Big Cat gets ownership. Penn, which acquired 36 percent of Barstool in 2020 and purchased the remainder of the company this past February, was reportedly concerned about how Mintz’s comments could jeopardize regulatory. At the time, the deal was worth $163 million. Point is, the Hornets are not going to the NBA Finals. Barstool Sportsbook offers a $10 No Deposit Bonus. It completed a full. somebody called “Portnoy,” polling at zero percent. Ownership Percentages and Business Loans. listeners to its podcasts during July with 30. However, specific ownership percentages and details may have changed since then, as the company experienced significant growth and corporate transactions. Barstool Sports is a sports & pop culture blog covering the latest news and viral highlights of each and everyday with blogs, videos and podcasts. You're in the top 20 percent if you can find the odd sofa in under 30 seconds. Founder and President Dave Portnoy frequently references that blood, sweat and tears that went into growing the company to be a media mastodon. Barstool Sports started as a newspaper in August of 2003. Penn also announced that it sold Barstool Sports, an irreverent sports media site, back to its founder, Swampscott native Portnoy. Shares of PENN closed on Wednesday at $36. Barstool, Penn National execs talk $163 million sports-betting deal. In The Dave Portnoy Show With Eddie & Co, Kmarko and David discussed the circumstances. For the first six months of 2023, before Barstool was sold back to Mr. Penn National Gaming ( PENN 1. Related Articles Penn National Gaming agrees to buy 36 percent interest in Barstool. Barstool founder Dave has a huge following on his Instagram, Facebook, and Twitter accounts and I bet you have heard about him. Penn announced its name change with its results. 72, in Thursday trading. 03 vs. El Presidente 11/23/2023 7:29 PM. Penn National Gaming acquired a 36 percent share of Barstool on Jan. That purchase agreement gave them the option to pay an additional $62 million to push its ownership in Barstool to half, and another $325 million to buy out the remaining half of the sports betting and media company’s stock. He left his role as the editor-in-chief in 2020. Penn National acquired a 36% share of Barstool Sports for $163 million in January 2020. Barstool was founded in 2003 by Dave Portnoy. but I am listening to the first episode right now and I have to be honest I am pretty confused 🤷🏻♂️ he starts with a rant about how now that he has his own show he can “finally talk about what he wants to talk about” and “no one else can tell him what he can’t talk. Penn Entertainment Inc. Around that, Penn also transferred Barstool Sports back to founder Dave Portnoy in exchange for $1, non-compete agreements, and a 50 percent stake in further sales or monetization ventures from. latest entertainment, gaming, movie, tv, sports, and trending news from all around the webPenn Entertainment, a casino-and-sports-gaming company, finalized its acquisition of Barstool earlier this year in a $551 million deal after acquiring a minority stake in the sports blog in 2020. Per multiple sources, the representatives of USC quarterback Caleb Williams had been making it known to prospective agents that Williams wants partial ownership of the team that selects him in 2024, if he declares for the draft. But it’s usually a percentage of your deposit. What they're saying: "We underestimated just how tough it is for myself and Barstool to operate in a regulated world," Portnoy said in a video announcement. According to report by the New York Post’s Andrew Marchand, the. The two-part process will first see Penn pay $62m for 50% ownership. Portnoy immediately laid off 25 percent of its staff. The initial deal included a path for Penn to gain full ownership of Barstool Sports. the 52-week trading range of. Barstool issued him ~142k shares right before Penn paid $49. Jordan Bondurant. Afterwards, the updated operating agreement will show the new ownership percentages. Penn Entertainment will shift its partnership to ESPN . Considering that Nardini is Barstool Sports CEO and. He also had pre-existing Barstool shares (an undetermined amount), so his total equity % is/was higher than the ~1. Barstool was founded in 2003 by Dave Portnoy as a free sports and gambling newspaper. It was around 2008 that Barstool went digital, in attempt to keep up with the increasingly competitive sports media business. Conservatism portal. Since then, companies have more than taken notice and Barstool has been bought twice by investors. Portnoy sold a 51 percent stake in the company in 2016 at a $10 to $15 million valuation. Upon taking back ownership in August, Mr. Detroit Lions Fans Are Starving For A Playoff Run. 11/9/23 11:30 AM. Chernin owned 36 percent I believe after the Penn sale. If you’re applying for a loan, lenders will evaluate the credit of each of your shareholders (generally, any person with 20% or more ownership). Barstool, which claims to reach one-third of the nation’s prized 18-34 year-old demographic, largely through. on. Penn National to Host Conference Call and Webcast at 8:00 a. Barstool’s $1,000 Risk-Free Bet. Estimated net worth: $6 million. Nate has been asking Barstool Sports' #1 blogger by the numbers (yours truly, and thank you for contributing yet another click) to do some power rankings for a few weeks now. 90% of the sponsors, particularly the podcast ones, aren't Barstool sponsors so much as they're all just doing blitz internet ad campaigns. It may be difficult to calculate this number, as it requires calculating share equivalents and unvested shares. 2017) . After that, it will pay an additional $325 million for the remaining Barstool shares. In the deal, Barstool was valued at $450 million. Gaz has always been untouchable. PENN operates 43 properties in 20 states,. He is widely known as the Blogger and Host for Barstool Sports which is based in New York City, New York. After the deal is concluded, Barstool will become a subsidiary of Penn. Barstool's staff had ballooned to approximately 430 workers during Penn's period of. It's what percentage of the drink's sale price you're eating to create the drink. The Miller family is selling off more of its share of the Utah Jazz. Penn National Gaming acquired a 36% stake in Barstool Sports for around 163 million dollars. . The company’s initial investment in Barstool was to help cut down on marketing costs on a branded Barstool. The full acquisition of the company comes. 29 an agreement to acquire a 36% ownership interest in Barstool Sports Inc. somebody called “Portnoy,” polling at zero percent. Portnoy estimated his net worth to be about $100 million in 2019. Penn Entertainment, which bought 36 percent of the company in 2020 and increased its stake to 100 percent in February 2023, sold the company back to its founder Tuesday, “in exchange for certain non-competes and other restrictive covenants. 11/7/23 9:00 AM. It's unclear if ESPN insisted on the Barstool divestiture as part of its agreement, or if Penn was tired of the headaches Barstool caused (including with gaming regulators). Your wager must have betting odds of -200 or longer to be eligible for the promotion. (PENN: Nasdaq) (“Penn National” or the “Company”) announced. The company's controversial past continues to spur debate. Barstool Sports is set to undergo significant changes following Dave Portnoy regaining sole ownership. Twitter. BSM Staff. June 29, 2023. Penn National Gaming finalized its purchase of Barstool Sports late Tuesday, valuing the company at a whopping $450 million. It is now a digital. Company profile page for Barstool Sports Inc including stock price, company news, press releases, executives, board members, and. He sat on an outdoor stage alongside other Barstool personalities with cans of High Noon, a vodka drink that he and Barstool are paid to promote. 12. Being an LLC member gives you the right to ask for access to books and records and sue the other member for damages caused to the LLC. A no-deposit bonus is a great way to give customers a chance to experience your product without them having to deposit their own money to play. Portnoy previously sold a majority ownership stake in the company to the Chernin. The initial deal included a path for Penn to gain full control and ownership of Barstool Sports. bar ownership. . This makes the PA online casino darling, Penn National the sole owner of one of the biggest sports media. As the numerator, determine the number of shares and share equivalents. 00 dollar) and certain non-compete and other restrictive covenants,” the. Warminster Real estate. " The original acquisition was 36%, and they bought the remaining 64% for $388 million. I have absolutely no idea what the percentage was for powerplay goals around the league before the season was paused but considering the worst percentage in the league was Ottawa coming in at 14. Portnoy launched the sports and pop culture. (“Barstool”) not. After the deal is concluded, Barstool will become a subsidiary of Penn. Dave Portnoy's net worth is estimated to be $100 million, based on his remaining around $90 million shares in Barstool and money from past sales. With a net worth of $120 million as of 2023, Dave Portnoy famously known as El President is a widely known sports media American Celebrity. PENN and Barstool Sports initially announced an exclusive sports betting and iCasino partnership in January 2020, with PENN acquiring 36% of Barstool Sports. Barstool Sports has agreed to sell a stake to Penn National, a US casino company, in a deal that values the digital-media brand at $450 million, the Wall Street Journal first reported. ; Penn plans. g. At the time, the deal was worth $163 million. The Barstool-ification of the GOP could reconfigure its cultural politics for a generation. Barstool founder Dave Portnoy had sold. Specifics of the deal. Barstool started as a print-only publication in the early part of the 200's with Portnoy self-distributing the pieces on the Boston public transport system. For a $62 million payment, Penn National, which has a market value of almost $3 billion, would expand its ownership to about 50% in three years. Revenue from their Barstool Sportsbook & Casino app. This move comes as the company’s founder, Dave Portnoy, regains control of Barstool Sports after a series of ownership changes. Ownership in Barstool Sports: The ownership structure of Barstool Sports has evolved over the years. Barstool selling remaining 50% ownership to Penn, completely controlled by Penn in Feb - [quote]Lucas Shaw @Lucas_Shaw Penn National is paying $325 million toWe would like to show you a description here but the site won’t allow us. Typically, startups go through multiple rounds of funding, and with each successive round, the founder's ownership percentage shrinks. Barstool Sports founder David Portnoy told CNBC on Wednesday he has his eyes set on owning a sports team after the sports and. In the video, which runs more than two minutes, Portnoy did his best Alexander Haig, saying he is in control at Barstool Sports and owns 100 percent of the company. Penn National will increase its ownership to about 50% after three years with a further. The A's ownership has cost Oakland multiple pennants by never really investing in the team when they've had success over the past 25 years. 0001. They have been a great partner for us. 5 billion as part of the deal and a further $500 million in warrants tied. As CEO of Barstool Sports, Nardini’s net worth is tied to the value of the company. In a few hours (10 p. Penn National will increase its ownership in Barstool Sports to approximately 50% after three years (or earlier, at Penn National’s election) with an incremental investment of approximately $62 million, consistent with the implied valuation at the time of the initial purchase, and has a path to establish control and full ownership of. Promo: New players at Barstool will receive a $1,000 risk-free bet as the welcome bonus. As part of the $450 million deal, Penn received a 50 percent ownership stake in Barstool. Over the course of two trades, he sold pieces of Barstool a controlling share to The Chernin Group and another to Penn Gaming, who paid $163 million to the founders for a 36 percent ownership in the company in January 2020. In 2023, the corporation will pay another $62 million to raise its total stake to 50 percent. 8% market share last month. Since its inception, there have been some changes in ownership over time. Penn Entertainment has secured the remaining interest in Barstool Sports for $388 million. " Friday, August 19, 2022, after selling the sports website for $387 million to Penn. David Portnoy (2003-2016):. The Annual NFL Head Coach's Picture Has Dropped, Lets Break It Down. 29, 2020, 2:23 p. Those who owned equity in Barstool, including Portnoy,. 29. BSM Staff. The sportsbooks maintained a 19% H1 retail market share, excluding Nevada, according to an investor presentation. which was down 10. The Chernin Group. The. Barstool's biggest strength is its strong bond with the. The breakdown of the transaction was. 86%, to $35. 0. --(BUSINESS WIRE)--Jan. Certain shareholders of your company may be more credit-worthy than others; therefore, you may seek to adjust ownership percentages accordingly to look more fiscally. Penn originally paid $163 million for a 36% stake in Barstool in 2020 and then bought the remaining 64% of Barstool for $388 million in February. Now, he gets this site back for just $1. Penn Entertainment, a gambling firm, announced Tuesday it would be divesting Barstool — selling the entity back to Portnoy — while entering a $1. A percentage is used to compare two values and it gives very. Q. 3: Compliance with Other Instruments: 30 :. The PENN Entertainment PENN partnership with sports media company ESPN includes the divestiture of Barstool Sports, returning the company to its founder Dave Portnoy. He began selling the company to investors several years ago. 11 per BC share (the SEC filing literally calls them “Katz compensation shares”). Kevin Clancy, well known as Kfc Barstool is an American podcast host and also a blogger for barstool sports. Kevin eventually became fully prepared to transition to a career in the media. Now we're hearing Soto and Cronenworth are on the trade block, and that's just one season removed from giving Xander Bogaerts nearly $300M over 11 seasons. Elon Musk': Charging for Blue Checks, Tooling on Stephen King, Uncovering Lies from Previous Ownership and Landing a Rocket. For example, the website comparably. The Barstool-ification of the GOP could reconfigure its cultural politics for a generation. Its stake decreased to 36% when Penn Entertainment, then called Penn National Gaming, joined ownership in January 2020, with Barstool employees owning. Dave Portnoy has once again become the owner of Barstool Sports, the sports blog he founded in 2003. He sold a 36 percent stake in the digital media turned sports betting company to Penn National Gaming in January of 2020 for $163 million. Barstool sports founder Dave Portnoy paid one single greenback to buy back money-losing Barstool Sports from Penn Entertainment, according to Penn’s quarterly filing with the Securities & Exchange Commission Wednesday evening. To up its Barstool ownership to 100%, Penn has to meet certain conditions with a total cost of $387m. Keith Markovich - Kmarko. He joined the Barstool Sports team in August 2009, where he began blogging for the network. The big picture: Portnoy made a big bet with Penn, and it paid off better than he could have imagined. Barstool Radio Billy Football Responds to Nate's Call Out from the Back of a Camel in Egypt. . m. On Tuesday, Portnoy announced that he had regained full ownership of Barstool Sports, the company he founded in 2003. Portnoy, Penn National reported that Barstool had lost $16. But business rarely is. Penn bought a majority stake in the company for $551 million earlier this year but sold it back to Portnoy for reportedly next to nothing. Under the 10-year deal, Barstool Sportsbook will be rebranded as ESPN Bet. 4. S. Kevin Clancy Tweeted That He & Nugent ‘Are Going Through a Hard Time’. “Barstool is a proven, powerful media brand with an authentic. Here is an overview of Barstool Sports’ history and its ownership changes: 1. Dave originally sold Barstool to Penn because he believed the sports betting company could take the sports blog "to the moon. " As of August 2023, Dave is once again the sole owner of. The initial agreement included a path for PENN to establish full control and ownership of Barstool Sports. Mississippi State’s Ashley Gilliam, Alabama’s Canon Claycomb and incoming Christian Brothers freshman Jonathan Shuskey were later accepted into the. has acquired exclusive rights to the ESPN Bet trademark for online sports betting for $1. Penn Entertainment Penn Entertainment completed its previously announced acquisition of Barstool Sports, paying $388 million. Barstool Sports’s Profile, Revenue and Employees. full control and ownership of. Karim 8/10/2023 12:00 AM. ET Today. In three years - or sooner, depending on certain circumstances - Penn National Gaming will increase its ownership to 50 percent and eventually establish full ownership of Barstool, thanks to an. 25 million shares of Penn he received earlier this. , retires, dies, sells their interest) or the owners decide to bring on another member, the ownership percentages must be changed so that the combined interests equal 100%. 67 billion for Q1, up 7. Wyomissing, Pennsylvania-based Penn, operators of the Tropicana and M Resorts in Southern Nevada, reported net income of $12. Barstool strong retail sports betting presence. Barstool was founded in 2003 by Dave Portnoy as a free sports and gambling newspaper. 20% Off. S. florida state of the state 2023 0 items / 0,00. He and I. Chernin Digital Group pumped an additional $15 million into expanding Barstool in 2018; two years later the company—now more of a lifestyle brand for men whose personalities and politics resolve as a conspicuous habit of saying aloud the word "tits"—was valued at $450 million when Penn paid $136 million in cash and stock for a 36-percent. App doesn't even log me in. t. Fortunately for him, at the time he was ready to make the jump to full time blogger Barstool was reaching the height of its popularity. It's not fair. According to WealthyPersons, Portnoy’s current net worth is $100 million. Within three years after the closing or earlier at our election, we will increase our ownership in Barstool Sports to approximately 50% with an incremental investment of approximately $62 million, consistent with the implied valuation at the time. The PENN Entertainment PENN partnership with sports media company ESPN includes the divestiture of Barstool Sports, returning the company to its founder Dave Portnoy. Interested parties may also access the live call at. Also, if Portnoy is ever to sell the company again, Penn will be entitled to 50 percent of the gross proceeds. The company, which Portnoy founded in 2003, experienced transformative shifts in ownership over the years. Some details have emerged regarding Dave Portnoy regaining full ownership of Barstool Sports, including one crazy nugget. 166. 19%, simulation score 10. When Penn Gaming acquired the site, Barstool Sports had a valuation of $450 million. Penn had the option in January 2023 to increase their ownership stake to 50 percent or to purchase the entire company. It is now a digital. The U. Clancy joined Barstool Sports in August 2009 and later on started blogging for the platform covering various topics ranging from pop culture to observations in New City. 11x142k). Select “Yes, adjust percentages” to view the list of owners assigned to that property and their corresponding ownership percentages. 3 How much does KFC make at the barstool? Ans. 4 What is KFC Barstool’s net worth? Ans. Dave Portnoy buys back 100 percent of Barstool Sports from Penn "Barstool has been a great partner and we are thankful to Dave Portnoy, Erika Ayers, Dan Katz and their team for helping to rapidly. In a few hours (10 p. A cruel case of cancel culture at Barstool Sports. • We depend on certain properties that generate a significant percentage of our revenues. Podtrac says that made it the ninth-biggest podcast publisher among those it measures. The publicly traded casino company Penn Entertainment is poised to take over Barstool, following a 2020 deal in which it bought a 36 percent stake. In the deal, Barstool was valued at $450 million. Its 200+ personalities are prolific creators of blogs, podcasts, tweets,. With Barstool's public ownership came scrutiny. Among other. Barstool Sports is a digital sports, entertainment and media platform that delivers original content across blogs, podcasts, radio, video and social. Attractive Business Credit Rates. She was employee No. Add 7 inches to account for the total width needed per stool, then divide the length of the island by that number (25). 3% ownership between Joe and Lily, the two remaining partners. PENN and Barstool Sports initially announced an exclusive sports betting and iCasino partnership in January 2020, with PENN acquiring 36% of Barstool Sports on February 20, 2020 for a total consideration of approximately $163 million, comprised of approximately $135 million in cash and $28 million in non-voting convertible preferred stock. Watch on YouTube HereWhen Coca-Cola announced this week that it’s paying $5. An option to buy controlling ownership will be determined at that time. Barstool Sports Gambling By Andrew Bucholtz on 02/17/2023. Fortunately for him, at the time he was ready to make the jump to full time blogger Barstool was reaching the height of its popularity. Now, he gets this site back for just $1. 2020 for $163 million, getting a 36 percent stake of the media company. Penn Entertainment ( PENN) has sold its ownership in Barstool Sports, meaning Dave Portnoy owns 100 percent of the company again. The time is now. To calculate the percentage ownership of a shareholder, look first at the shares outstanding. Barstool Employee Group valued at $21mm with Dave at $14. Portnoy has embraced controversy and stood up for Barstool’s irreverent and often offensive commentary, a posture that has made him. It completed a full acquisition of the company at the. 1 million for the first six months of 2023 per Penn’s Aug. Penn Entertainment said it would pay $62 million to push its ownership up to 50% of Barstool Sports and pay another. March 1, 2023. The average pour cost for a bar is between 18% and 24%. Erika Nardini. Penn National will first buy a 36 percent stake in Barstool for $163 million in cash and stock — valuing the company at $450. Barstool Sports, the controversial sports and pop-culture blog, agreed to sell a 36% stake to casino operator Penn National Gaming Inc. Barstool's following is fiercely loyal, and it. Who is Javier Milei, Argentina’s president-elect? BUENOS AIRES, Argentina (AP) — His legions of fans call him “the madman” and. “We are extremely pleased to welcome Barstool Sports fully into. Barstool was founded in 2003 by Dave Portnoy as a free sports and gambling newspaper. This is a great way to establish a solid customer base. Barstool Sports is an American blog website and digital media company headquartered in New York City that publishes sports journalism and pop culture -related content. Neither is sports. Portnoy bought Barstool back for one dollar and has since sold 1. , per 100. Penn Entertainment has officially completed its acquisition of Barstool Sports and now owns 100% of the brand. On January 29, 2020, it was revealed that Penn National Gaming (now Penn Entertainment) had paid $163 million for a 36% ownership in Barstool Sports, giving the business a $450 million valuation. The company purchased 36% of Barstool Sports common stock in February 2020. Barstool Sports By Ben Koo on 06/25/2019. Chernin wouldn't give Barstool guys equity out of his shares, because that would put the voting power back into original Barstool hands and not Chernin hands. Before that hearing, Snowden defended Barstool, its employees, its responsible gaming practices and blasted a New York Times story critical of the. SpaceX Starship Explodes Though Craft Reached New Milestones. 9 SEC filing. The deal valued Barstool at $450 million and granted Penn a 50 percent ownership stake. The initial deal included a path for Penn to gain full ownership of Barstool Sports. . 1,860 likes.