“Penn's initial investment is comprised of ~$135M in cash and $28M in shares of non-voting convertible preferred stock. After three years, Penn will increase its ownership to ~50% with an incremental investment of ~$62M.”
Barstool Sportsbook is going to do well. Penn National may be geniuses. Pretty good for a no name casino.
Yeah but I do wonder if Barstool could survive if Bigcat or Portnoy were to leave. I don't think either will leave anytime soon but IMO the company basically depends on them two.
As someone who pays very little attention to the gambling content I'm wondering how much this is going to impact the stuff I enjoy about Barstool.
I don't think it will. The pods and other types of content make money. They aren't going to clip money making parts. Also Dave made a comment of getting better gambling people into the gambling content. I think he realized having some of his normal Barstool people that are not huge gamblers, in the gambling content is a mistake.
They need to hire actually good sports gamblers. Mush is a fun character and all, but hiring a legit sharp guys to provide insight would be the next step. Get rid of boring morons like Blackjack.
I agree on the "legit" guys. But for casual gamblers there will always be a Barstool market for guys like Mush and Brandon Walker.
You have to think that Mo would've ended up with equity. What an idiot! I sincerely hate it for the dude. Him living in Brooklyn while running Barstool Philadelphia was hilarious.
A lot of people shit on the action network, but their free podcasts on gambling have good well researched info. Would be great to see Barstool get some guys like that. Obviously I love the barstool pick em pod because it's Dave and Dan and Rico.
Best of mo: https://archive.is/6lg9f https://www.barstoolsports.com/blog/647896/tom-zollo-doesnt-know-shit-about-music-2
Pay Rico whatever he wants to come full time. His 1 live stream was great. Him just screaming out offensive sets at the TV like a mad man. “HAMMER SET, RUN THE HAMMER SET!” Also sounds Dave and BC signed 5 year deals so they will be around for at least that long.
Can’t wait for Vegas Dave and Holly Sonders to become Barstool employees Should last as long as that marriage
Bro Show was the greatest back then. My introduction to Barstool when I stumbled on it while bouncing around YouTube.
My favorite barstool era was when they had the bro show, skype rundown and kfc radio w/ bigcat all on at the same time. And the blogs were actually good too.
Today KFC said that when his stock/cash/deal vests in 5 years, he’ll be like Dave was a few years ago. So for a ~40 year old...loaded.
cutler interview was so good was dying laughing at the thought of a drunk big cat thinking he was cleaning up by firing golf balls at jay while grilling
Dave isn’t going to hire a legitimate criminal that’s banned from Vegas casinos and threatened to post naked pics of dave