Dave Portnoy sold Barstool Sports for $551M — then got it back for $1 — what to learn from this ‘great trade’
Shortly after selling his sports media company Barstool Sports to Penn Entertainment for $551 million, founder Dave Portnoy turned around and repurchased 100% of the company for just $1 in 2023, according to Business Insider. “It’s one of the [greatest] trades of all time,” he told Shannon Sharpe in a recent interview on the Club…
