PENN Entertainment lists losses of between $800-$850 million on the deal.
The casino operator is paying $1.5 billion over the 10-year term with the right to extend the contract for another decade upon mutual agreement.
“Mintz received the news from Portnoy by phone, and captured the moment on video, sharing it on social with his followers.”
"The strategy here is simple: to give fans what they’ve been requesting and expecting from ESPN."
"We got denied licenses because of me, you name, it, so the regulated industry is probably not the best place for Barstool Sports and the type...
"Maybe he stays and does this. Maybe he doesn’t do anything. Maybe he goes on a beach. Maybe he does something else."
“This transformational partnership recognizes the immeasurable strength of the PGA Tour’s history, legacy and pro-competitive model, and combines with it the DP World Tour and LIV."
"Dave Portnoy is still an employee of Penn Entertainment. However, he has said publicly that he is unsure if the arrangement will continue after his contract...
“Dave Portnoy — you found me 2.5 years ago. You made me who I am with your job at Barstool, and I’m a man that values...
“It’s what happens when you get these f***ing suits involved in your business.”