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How much did Penn spend on Barstool Sports?

Penn spent some $550 million on Barstool Sports. Dave Portnoy got it back for $1. - MarketWatch Penn spent some $550 million on Barstool Sports. Dave Portnoy got it back for $1. Dave Portnoy, founder of Barstool Sports, speaks during a radio broadcast prior to Super Bowl LIV on Jan. 30, 2020.

Did Dave Portnoy buy Barstool Sports back?

According to a filing, Barstool Sports founder Dave Portnoy bought the site back for $1 yesterday.

Who owns Barstool Sports?

Portnoy also agreed to give Penn 50 percent of the proceeds from any future sale of Barstool Sports, while Penn agreed to “indemnify Barstool and its subsidiaries and David Portnoy for certain tax matters.” Portnoy founded Barstool Sports in 2003, eventually building it into a powerhouse sports-adjacent brand that is popular with young men.

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