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The Athletic Could Be Sold To DraftKings Or FanDuel

“The site has been tied to buyers before, including The New York Times and Axios, but those deals fell through before pen went to paper.”

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The Athletic hired LionTree a little over a month ago to help it find a buyer, and that journey is starting to pick up steam. According to The Information, FanDuel and DraftKings are interested in purchasing the sports news site.

“Fantasy and sports betting providers, FanDuel and DraftKings, are among a number of companies that have submitted bids to buy sports news site The Athletic, according to people familiar with the situation,” Jessica Toonkel and Sahil Patel wrote in the piece.

The Information previously stated that the site is seeking a valuation of over $750 million after being valued at $530 million last year. The Athletic has been mum on the developments and wouldn’t respond to comment when they initially brought on LionTree in September.

The site has been tied to buyers before, including The New York Times and Axios, but those deals fell through before pen went to paper.

“As a general matter of policy, we do not comment on rumors about potential acquisitions or divestitures,” a Times spokesperson told TheWrap at that time, while an Athletic representative echoed similar sentiments: “The Athletic does not comment on rumors or speculation in the market.”

The New York Times negotiation collapsed because the two sides couldn’t agree on how to offer the site’s employees equity in the company.

Alex Mather and Adam Hansmann launched the site in Jan. 2016 as a way to provide “smarter coverage for die-hard fans.” Now they are an international outfit. Jon Greenberg and a small contingent of Chicago-based sports writers helped get the ball rolling in the Windy City before they moved north of the border to Toronto as their second coverage site.

The Athletic made another big expansion when they started coverage of English sports, namely Premier League soccer. The Athletic proved sports fans are willing to pay for clean, strong coverage, and now they are trying to cash in on that bet.

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Dave Portnoy Offers Pat Beverley ‘Blank Check’ To Join Barstool

“Just say how many zeros and guarantee us once a week, you are hired.”

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Minnesota Timberwolves player Pat Beverley turned heads with his comments about Phoenix Suns guard Chris Paul after the Suns were eliminated from the NBA Playoffs.

Beverley told Mike Greenberg and Stephen A. Smith on Monday that he thinks Paul is a “traffic cone,” due to his poor defense and that on nights he knows he’s playing Paul he’ll have a nice steak dinner and wine the night before. He said he’s in bed by 8 p.m. and doesn’t want to hear from his mom or girlfriend if he’s playing Steph Curry and the Golden State Warriors.

Pat’s comments got the attention of Barstool Sports president Dave Portnoy. Portnoy said Monday he liked Beverley so much that he would hire him to do a podcast for Barstool.

“If Pat Beverley is a Barstool fan and he’s watching this, he has a blank check. You name your price for a podcast, and we will hire you — no questions asked,” Portnoy said. “Just say how many zeros and guarantee us once a week, you are hired.”

Portnoy made the push to sign Beverley to a podcast deal as the company seeks to scale back the number of podcasts it produces. Barstool CEO Erika Nardini announced the decision to cut shows last week.

No word if Beverley has responded to Portnoy’s offer.

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Women Downloading Sports Betting Apps Faster Than Men

“Mobile sports betting apps saw a massive increase of over 4.6 million new female users in 2021. That represents a 115% increase, year-over-year.”

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The sports betting space saw a surge of new participants come into the realm last year. The fastest growing population? Women.

According to data compiled by Global Wireless Solutions, a mobile insights consulting firm, new female participation in the online sports betting market is nearly doubling the pace of their male counterparts. In their findings, mobile sports betting apps saw a massive increase of over 4.6 million new female users in 2021. That represents a 115% increase, year-over-year. New male users were up too from 2020, coming in at a 63% increase in 2021.

These very large spikes start to make the $4.3 billion made in sports betting revenue in 2021 seem like just the beginning.

Some of the numbers can be explained by the sheer volume of new available legal bettors. In 2021, five states launched online sports betting (Arizona, Connecticut, Michigan, Virginia and Wyoming).

This year stands to see even more of an increase with several more states implementing online sports betting (New York came online in January) and adding to their already legal retail offerings or at least deep into negotiations attempting such a feat as soon as possible.

Global Wireless Solutions also found the most effective sportsbook to bring new female users into the fold was by far and away FanDuel. That company signed up 1.7 million new female users while DraftKings attracted an estimated 900,000 new female customers. Men, according to GWS, still outpace women by 250% as a consumer base.

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Mike Francesa: Chris Russo Will Be On My Podcast

“When things rev up in the fall, I would definitely have Dog over as a guest and do a whole show with him. I would say you count on that.”

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WFAN legend Mike Francesa is settling into his new podcast opportunity with BetRivers, and has left the door open for a reunion with his longtime colleague and friend Chris “Mad Dog” Russo.

Francesa was responding to questions on his show, with the newest episode out Monday, when he said he would be able to book Russo for an appearance down the road.

“Listen, I’ve gone on Dog’s shows a couple of times. I could definitely get Dog as a guest one time,” Francesa said.

The last time the two shared a stage and microphone was back in March at the BSM Summit. Francesa said he will make sure whenever Russo does come on, it will be at a time that makes the most sense.

“We will do that at an opportune time,” he said. “Maybe right before the football season or maybe late in the baseball season. When things rev up in the fall, I would definitely have Dog over as a guest and do a whole show with him. I would say you count on that.”

Whenever the reunion happens, best believe it will be a must-listen. It will mark the first time the two have been on a podcast together.

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