Portnoy may have made a name for himself by attempting to intimidate anyone who got in his way, but according to Penn National senior vice president Eric Schippers, the harassment of others would be coming to an end. With new investors come new rules, or at least some expectations.
On that day, Portnoy announced that he had sold a 36 percent interest in his bro network for $163 million to Penn National Gaming, a regional gambling provider, implying that Barstool Sports was worth nearly a half a billion dollars. 29, Barstool was given a startling valuation. Those comments came nearly three years ago in an “emergency press conference” staged by Portnoy, who took Barstool from a blog founded in 2003 and built it into a mini-empire of radio shows, podcasts and digital content. Those are the only fucking rules that there are at this company.” “There are no rules,” Barstool Sports’ David Portnoy once said.
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