OT: Barstool Sports Sells 51% Stake and Scoots Off to NYC

[shmessy]

Barstool Sports sells majority stake at $10-$15M valuation, moving to Manhattan

 

[Deus Irae]

Sellout

 

[TeamFirst]

F*****g Sellout.

 

[RayClay]

More power to him. He's a fraud and a jerk and I used to like him. Now he will cash in, then fail, and float off into obscurity.

 

[Rob0729]

Big deal! I bought the winning Powerball ticket today. I will be able to buy 20 Barstool Sports.

 

[Rob0729]

BTW, did anyone think El Presidente was anything but an opportunist to begin with?

 

[WinstonSmith]

Defending the Wall...Street.

 

[VectorPrime]

I've always disliked them and I thought they were being a bunch of unfunny assholes with all of their stunts during the deflategate mess. Like, I looked at them and thought "oh, this is why fans of other teams hate us."

 

[102 Pat]

And if you folks were in the same situation you wouldn't take the money...right...

 

[JMC00]

It's moving to NY because people (kfc and kmarko who already live in NY) refused to move to Boston and Chernin wants them to be under one roof.

Portnoy is also adamant that he is still in control of content and that was one of the big factors of him doing the deal.

Making a deal to grow Barstool isn't selling out. Selling out would have been selling 100%.

 

[ViperGTS]

It's moving to NY because people (kfc and kmarko who already live in NY) refused to move to Boston and Chernin wants them to be under one roof.

Portnoy is also adamant that he is still in control of content and that was one of the big factors of him doing the deal.

Doesn't matter. You are the big shot. Nothing good ever comes out of NYC. They are toast. Look what happened to some key figures at Facebook when they got funding. Portnoy will be ushered out sooner than later no matter if he has supposed 100 percent editorial control. Big, big mistake.

 

[TomPatriot]

Yeah, that and it's the media and advertising capital of the world.

 

[gitgronked82]

he's had chances to cash in before and didn't. he jumped now because he still has control over the content. he wouldn't do it if the site was getting watered down. this is coming from a huge stoolie (seems like the only one on the site), but I still believe him. i do hate the idea of them all being in the same place tbh and i hope they don't lose too many of the writers because of the move, though.

 

[Patjew]

I'm proud of the guys and happy for Pres.

Stoolie for life!!

(Please don't turn into another Bill Simmons)

 

[Patjew]

he's had chances to cash in before and didn't. he jumped now because he still has control over the content. he wouldn't do it if the site was getting watered down. this is coming from a huge stoolie (seems like the only one on the site), but I still believe him. i do hate the idea of them all being in the same place tbh and i hope they don't lose too many of the writers because of the move, though.

You're not the only Stoolie here.

I hope they keep Smitty. I used to like Trent. Nate scares me.

 

[Zeus]

Big difference between 49% ownership with assurances of editorial control (the deal they made) and 51% ownership and editorial control.

 

[JMC00]

i hope they don't lose too many of the writers because of the move, though.

From what Portnoy said on his periscope Q&A seems like all the regular bloggers are making the move to NY, except for one which is Trent but apparently he will still be working for Barstool. The Boston sports team guys Carrabis (Sox) and Rear Admiral (Bruins) are staying on and I believe will have bigger roles.

 

[Brady_to_Moss]

get that $$

 

[dales804]

I'm proud of the guys and happy for Pres.

Stoolie for life!!

(Please don't turn into another Bill Simmons)

What's your problem with BS?

 

[JMC00]

(Please don't turn into another Bill Simmons)

Ya well Simmons got in bed with espn.