Did Dave’s net worth just skyrocket by a few hundred million after regaining full ownership of Barstool, now potentially worth even more despite prior agreements with Penn?
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Dave Portnoy regained full ownership of Barstool Sports in August 2023. Penn Entertainment, which initially invested in Barstool Sports in 2020, acquired full control in February 2023 for $551 million. However, after reaching a contract with ESPN to rebrand their existing sportsbook without Barstool, Penn sold 100% of the remaining Barstool shares to Portnoy. This transaction has the potential to considerably alter Dave Portnoy’s net worth, however the search results do not include detailed specifics on the current value of Barstool Sports or Dave Portnoy’s exact net worth following this transaction.
Well, I think Dave’s net worth definitely got a boost, but billionaire status is probably still a ways off. He’d need Barstool’s value to climb significantly, or have other sources of wealth, to reach that level.
howdy daylan, ,davey might be someone you know personally who is creating a thriving business.