Unfortunately for those who are looking to buy Barstool Sports stock, there simply isn’t a way to do so at this time. The best way to invest in Barstool Sports is to buy shares of Penn National Gaming. They own a 36% stake in Barstool.
Should you buy Barstool stock today?
Many of those fans are loyal enough to want some Barstool stock on principle. But traders today have a chance at something far better. While Barstool is not publicly traded, there is a way you can get a hand in the company and seize on a major industry set to pop 150%.
Is Barstool Sports a sports betting company?
A media company has become a sports betting company: The owner of Barstool Sports has agreed to sell the popular and controversial digital sports publisher to Penn National Gaming, a regional gambling operator. The deal values Barstool, which has its roots as a rowdy Boston sports blog founded in 2003, at an eye-popping $450 million.
How do I own Barstool Sports Equity?
Portnoy and early employees likely maintain most of the 28% stake not owned by The Chernin Group or Penn National Gaming. Therefore, the simplest way to own Barstool Sports equity is by owning Penn National Gaming stock .
When will Penn buy Barstool Sports?
On a related note, Penn CEO Jay Snowden said the company plans to fully acquire Barstool Sports in early 2023. That announcement comes as controversy continues swirling around Barstool founder David Portnoy and his sexual dalliances.
Who has shares in barstool?
In January 2020, Penn National Gaming paid $163 million for a 36% stake in Barstool Sports, with previous owner the Chernin Group left with the same percentage stake. Portnoy had sold majority control of Barstool to Peter Chernin's Chernin Group in 2016.
Is Barstool Sports privately owned?
Penn National acquired a 36% share of Barstool Sports for $163 million in January 2020 in a deal calling for additional investment of $62 million within three years to attain 50% ownership.
How much did Dave Portnoy sell Barstool Sports for?
Dave Portnoy Sold 'Barstool Sports' To Penn National Gaming In January 2020, casino operator Penn National Gaming purchased a 36 percent stake in Barstool for $163 million in cash and stock.
Who is Barstool Sports owned by?
Barstool SportsType of siteBlogOwnersThe Chernin Group Penn National GamingFounder(s)David PortnoyCEOErika NardiniURLbarstoolsports.com4 more rows
What is Dave Portnoy salary?
Executive Compensation As Co-Chief Executive Officer at CRYO-CELL INTERNATIONAL INC, David Portnoy made $753,557 in total compensation.
How rich is Dave Portnoy?
David Portnoy is an American sports media figure and internet entrepreneur who has a net worth of $80 million. Portnoy has earned his fortune as the founder of digital sports conglomerate Barstool Sports.
Does Dave Portnoy have a wife?
Renee PortnoyDavid Portnoy / Wife (m. 2009–2017)
How much does Erika Nardini make?
Erika Nardini net worth and salary: Erika Nardini is an American businesswoman who has a net worth of $10 million.
Does Dave Portnoy have kids?
David started dating an equestrian and social media personality named Renee Portnoy (née Renee Satterthwaite) in 2005. They got engaged in 2008. They were married between 2009 and 2017, but they don't have kids together.
What stocks does Dave Portnoy own?
Portnoy also revealed he owns shares of the fast-food chain Shake Shack and e-commerce company Shopify.
Did Dave Portnoy sell Barstool?
In January 2020, Penn National Gaming paid $163 million for a 36% stake in Barstool Sports, with previous owner the Chernin Group left with the same percentage stake. Portnoy had sold majority control of Barstool to Peter Chernin's Chernin Group in 2016.
Does Portnoy own high noon?
The peak in interest may have something, or probably a lot, to do with the “Portnoy Effect.” As EJ Gallo, supplier of High Noon, announced two new flavors, Peach and Lime, they simultaneously launched a marketing partnership with Barstool Sports, a sports media platform and brand with over 66 million monthly unique ...
What is barstools sports?
Barstool Sports is a digital sport, entertainment and media brand that delivers content across multiple platforms. It creates content with massive distribution on the web, apps, podcasts, radio, video, social, events, pay per view, subscription, and TV to an incredibly engaged audience.
Does Equity Zen have a relationship with Barstool Sports?
EquityZen does not have an affiliation with, formal relationship with, or endorsement from Barstool Sports or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature. Some data provided by Crunchbase.
Who is the CEO of Barstool Sports?
The head of Barstool Sports is its CEO Erika Nardini. Forbes recently said, “Smart, determined and fearless, she is the visionary who has grown a small collection of misfit bloggers into a multi-faceted company with its hands in content, booze, gambling and much more.”. Article continues below advertisement.
How much did Penn National buy Barstool?
The deal, announced in January and completed in February, gave Penn National its share in Barstool at a $163 million price. The breakdown of the transaction was $135 million in cash and $28 million in non-voting convertible preferred stock. Article continues below advertisement. Source: Penn National Gaming Facebook.
Is Penn National Gaming publicly traded?
Source: Penn National Gaming Facebook. Penn National Gaming, Inc. is a publicly traded company listed on the Nasdaq Exchange under the ticker symbol "PENN.". The transaction gave Penn National exclusive gaming partnership rights along with the sole right to utilize the Barstool Sports brand for all of its online and retail sports betting ...
Is Barstool Sports a private company?
The company features a blog focused on sports and pop culture as well as several other media ventures in the sports and gaming industry. The company doesn't have stock that retail investors can buy outright ...
Is Barstool Sports publicly traded?
Again, Barstool Sports on its own isn’t a publicly traded firm, so you can’t directly buy shares of Barstool on the NYSE or Nasdaq. However, if you’re interested in its business model and want to invest in the company indirectly, Penn National Gaming is on the stock market. Investors can buy shares of PENN via their regular brokerage.
Who is the founder of Barstool Sports?
It's hard to separate the success of Barstool Sports from its founder, Dave Portnoy. The celebrity entrepreneur is a prominent critic of just about everything from pizza to stocks, to the NFL, to the government's handling of the 2020 pandemic. There's a steadily growing cult of personality around his name.
How much is online sports betting worth in 2020?
Online sports betting is expected to nearly reach $200 billion in value by 2030. That will be up from about $50 billion in 2020. That's 150% growth over the next decade. The online sports betting industry is still sorting itself out to see who is top dog, but owning Barstool sports is a solid edge for Penn.
How much does Penn own?
Right now, Penn has a 36% stake for $163 million cash and stock. As part of the agreement, Penn will pay another $62 million in three years to arrive at a 50% stake and a shot at majority ownership.
Why was Portnoy banned from the Super Bowl?
Portnoy was banned from the 2019 Super Bowl after trying to enter a press conference with a fake press pass. So, in Portnoy fashion, he wore a fake moustache to the Super Bowl. Security recognized him anyway, and he was dragged out.
Can I buy Barstool stock on Robinhood?
Barstool is one of those opportunities. But you can't just go and buy Barstool stock on Robinhood. Still, there is a way you can get a piece of this $450 million company without buying shares. It's a publicly traded company that profits directly from Barstool's success.
Is Barstool publicly traded?
While Barstool is not publicly traded, there is a way you can get a hand in the company and seize on a major industry set to pop 150%. It's all because of what happened at the start of 2021….
Barstool Sports Stock News
02/06/2020: Penn National’s investment in Barstool Sports is ‘going to be worth a ton,’ investor says 01/29/2020: Penn National Gaming to buy a stake in Barstool for $163 million 01/07/2016: Chernin Group Acquires Majority Stake of Barstool Sports Site
What is Barstool Sports?
Barstool Sports is a sports and lifestyle media company with diversified entertainment assets. Properties include its website, podcasts, radio content, sportsbook (betting), branded bars, a boxing promotion company, videos, and various social media presence.
How to Buy Barstool Sports Stock (Two Potential Ways)
Since Barstool Sports is privately held, it is challenging to acquire direct stock ownership of the company. Portnoy and early employees likely maintain most of the 28% stake not owned by The Chernin Group or Penn National Gaming.
Best Brokers to Own Barstool Sports Equity via PENN
What is the best online brokerage for buying Penn National Gaming stock?
How much did Barstool Sports buy in 2020?
Feb 4, 2020 at 11:24AM. Penn National Gaming ( NASDAQ:PENN), the regional casino company, bought a 36% stake in closely held Barstool Sports for $163 million on Jan. 29 -- $135 million in cash and $28 million in nonvoting convertible preferred stock -- valuing Barstool at $450 million.
Is Penn a sports betting company?
Barstool agreed that Penn will be its exclusive gaming partner in all sports-betting products. Additionally, the Barstool brand may be used in all Penn casinos, and Penn may launch Barstool sports bars or restaurants.
Who did Barstool Sports sell to?
Barstool Sports sells to Penn National Gaming in a $450 million deal - Vox.
Who owns Barstool Sports?
Barstool Sports founder Dave Portnoy in 2018. Uncovering and explaining how our digital world is changing — and changing us. A media company has become a sports betting company: The owner of Barstool Sports has agreed to sell the popular and controversial digital sports publisher to Penn National Gaming, a regional gambling operator.
How much did Penn National buy Barstool?
The Wall Street Journal has been briefed on the details, which are scheduled to be formally released Wednesday morning: Penn National will first buy a 36 percent stake in Barstool for $163 million in cash and stock — valuing the company at $450 million.
Who bought Barstool?
Earlier this month, I reported for Recode that the Chernin Group, which bought a majority stake in Barstool in 2016, was close to selling the company to Penn National.
Is sports betting legal in the US?
That deal exists entirely because of a Supreme Court decision: In 2018, a court ruling legalized sports gambling in the US, but left it up to individual states to decide if they wanted to approve of sports betting, and under what terms.
Is Barstool Sports a sports betting company?
A media company has become a sports betting company: The owner of Barstool Sports has agreed to sell the popular and controversial digital sports publisher to Penn National Gaming, a regional gambling operator. The deal values Barstool, which has its roots as a rowdy Boston sports blog founded in 2003, at an eye-popping $450 million.
