One Of The Greatest Deals In History: David Portnoy, Who Sold Barstool Sports To Penn National For $550M, Bought The Company Back For $1!
By Joe
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DESCRIPTION
David Portnoy, the outspoken founder of Barstool Sports, is once again the owner of his media brand, after buying it back from Penn Entertainment. "Penn sold 100% of the outstanding shares of Barstool to David Portnoy in exchange for a nominal cash consideration ($1.00 dollar) and certain non-compete and other restrictive covenants."
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