David Portnoy is the face of Barstool Sports, the sports and entertainment media company he founded two decades ago. He’s not certain for how long that status will continue.
Portnoy’s contract with Penn Entertainment (NASDAQ: PENN) is up in 20 months, and there are no guarantees the two sides will reach an extension. In February, Penn paid $388 million for the 64% of Barstool Sports it didn’t previously own, bringing the total acquisition price for Portnoy’s company to $551 million. In an interview on “The Kirk Minihane Show” earlier this week, Portnoy was ambiguous regarding his future with Penn.
Portnoy’s contract with Penn Entertainment (NASDAQ: PENN) is up in 20 months, and there are no guarantees the two sides will reach an extension. In February, Penn paid $388 million for the 64% of Barstool Sports it didn’t previously own, bringing the total acquisition price for Portnoy’s company to $551 million. In an interview on “The Kirk Minihane Show” earlier this week, Portnoy was ambiguous regarding his future with Penn.