25 min
#188 Penn Signs A $2 Billion Deal With ESPN & Dave Portnoy Gets Barstool Back For Free The Joe Pomp Show
-
- Sports
Penn Entertainment shocked the sports world yesterday, announcing they were dumping Dave Portnoy and Barstool Sports to sign a $2 billion licensing deal with ESPN. This new deal will allow Penn to launch a new sportsbook in the US this Fall called ESPN Bet. And in return, it gives Dave Portnoy 100% ownership of his company for pennies on the dollar. So today's podcast will break down everything you need to know about the deal, including my early reaction on how this plays out for all parties involved. Enjoy!
Penn Entertainment shocked the sports world yesterday, announcing they were dumping Dave Portnoy and Barstool Sports to sign a $2 billion licensing deal with ESPN. This new deal will allow Penn to launch a new sportsbook in the US this Fall called ESPN Bet. And in return, it gives Dave Portnoy 100% ownership of his company for pennies on the dollar. So today's podcast will break down everything you need to know about the deal, including my early reaction on how this plays out for all parties involved. Enjoy!
25 min