Dave Portnoy's dealmaking is so underrated.
Sold Barstool to PENN for $551 million.
Bought it back for $1.
Just signed an 8-figure Netflix deal for three podcasts.
The story is wild.
PENN bought Barstool in two tranches. $163 million for 36% in January 2020. $388 million for the remaining 64% in February 2023. Six months after closing on full ownership, PENN sold 100% back to Dave for one dollar and recorded an $850 million write-down.
Most people stop the story there. The comeback is the better half.
The day Dave got Barstool back, he was free of PENN's regulated-industry restrictions. Within six months, Barstool signed a multi-year sports betting media partnership with DraftKings, the same DraftKings that ESPN would later run to after PENN imploded.
July 2025: Fox Sports signed a wide-ranging content partnership and put Dave on Big Noon Kickoff. Wake Up Barstool launched on FS1 that September.
October 2025: the Internet Invitational, Barstool's six-episode YouTube golf event for influencers, hit 25 million views.
December 2025: Netflix signed an 8-figure deal to exclusively stream Pardon My Take, Spittin' Chiclets, and the Ryen Russillo Show starting early 2026.
PENN's stock peaked at $130 in March 2020, the month they bought into Barstool. It trades at $17 today.
Dave got $551 million to lease his brand to PENN for 36 months. Bought it back for a dollar. Signed Fox, DraftKings, and Netflix in the 18 months after.
He called it the greatest trade of all time on Club Shay Shay. From PENN's side, he's not wrong.
"Piñas"
Porque Verón reveló que, con Agustín Pichot y Felipe Contepomi, terminaron a las piñas en un festejo navideño de un bar de Manchester con Beckham y otros jugadores del plantel.
After firing a 65(!) on Moving Day at The Masters, Cameron Young is tied for the lead headed into Sunday.
This week, during his media availability, he spoke about being a role model for the younger generation by working to attend church every week in whichever city they’re in for the PGA Tour.
More of this 👏
In war-torn Serbia, one coach spotted a kid with an unbreakable spirit and a dream of playing tennis. 🥹
She became his ‘tennis mother’ and molded him into a champion.
That kid? Novak Djokovic.
Watch him return in 2011 to thank her. ❤️
https://t.co/28SToYoHp9
📹 Qué bonito es este vídeo.
Djokovic y del Potro, a kilómetros de distancia pero unidos por años y años de emocionantes vivencias.
“Te amo, amigo”. Una sonrisa de oreja a oreja 💚🫶 https://t.co/DhKItIvTNZ
Alfie Solomons was written as a brief cameo in Peaky Blinders (2013). Tom Hardy’s performance was so chaotic and magnetic that creator Steven Knight scrapped his plans. He rewrote entire seasons just to keep bringing him back.
En el nuevo documental del Olympique de Marsella sale esta anécdota de Robert De Zerbi (DT) y Mehdi Benatia (Director deportivo) con Amir Murillo.
Tocan el tema de como llegó, su nivel, sus altibajos y como se dió su renovación. Recomiendo verlo, es bastante emotivo.
Delpo ❤️🥹
El tandilense disputó su Último Desafío ante Novak Djokovic en la Argentina 🇦🇷 y así fue aplaudido por todos los presentes ❤️
🎥️: @ayraguirre
Paraguay no le ganaba a Brasil hacía 16 años en eliminatorias. Paraguay no le ganaba a Argentina hacía 15 años en eliminatorias (de local).
Hasta que llegó el Profe Gustavo Alfaro.
Maestro.