Dave Portnoy couldn’t be happier that he’s in complete control of Barstool Sports once again.
This week Portnoy, 46, he created in 2003 and tells DailyMail.com he vows to never go public again.
‘We were limited because we were in a regulated environment,’ Portnoy told DailyMail.com about PENN Entertainment’s previous ownership.’Now we can be an independent media company that can say whatever we want and don’t have any regulations.
‘We don’t care if people don’t like what we say or what we do. Now we’re gonna be ourselves,’ he told street journalist Adam Glyn.
Portnoy is known for his flippant remarks and often lewd takes on pop culture, but he did assure that despite his newfound freedom, ‘We’re not going to be hateful, racist none of that.’
Dave Portnoy regained control of Barstool Sports this week after he bought back the company he created
Portnoy founded Barstool Sports as a print publication back in Boston in 2003
With Barstool’s public ownership came scrutiny from investors and media.
In May, former host Ben Mintz was fired by PENN .
Despite an apology and pleas from Portnoy to keep him, PENN fired Mintz.PENN’s stock price fell as a result of his axing.
In one of his first acts as sole owner,
He and Mintz posted videos of their sides of the same phone call – revealing that he was returning to Barstool.
Portnoy told DailyMail.com that he will never go public again.
‘I made more money than I ever dreamed in my life with this.I want Barstool to be a place where we’re not stressing about making money or growing,’ he said.
‘We’re stressed about making great content. People show up at work, they’re happy. We’re not driven by the bottom line. We’re driven by making people laugh.’
PENN decided to go in a separate direction after agreeing to a deal with ESPN – which has had a frosty relationship with Barstool in the past.
Portnoy told DailyMail.com that he was in talks with PENN for about three weeks and didn’t deal with ESPN.
‘I want to be more involved and I want us to be us, which I think is a cutting edge, funny, satirical blog that doesn’t have to worry about public opinion,’ he said.
Portnoy smiled as he said, ‘I am very happy with this deal.’
Portnoy told DailyMail.com, ‘Now we can be an independent media company that can say whatever we want and don’t have any regulations’
Ben Mintz has returned to Barstool Sports after Portnoy re-acquired the company
Mintz had apologized for the slur on Twitter, insisting he meant no harm
Massachusetts-born Portnoy, who has been very vocal about Tom Brady’s dating life since his split from supermodel Gisele, told DailyMail.com what he wants for the former New England Patriots quarterback.
‘I want someone who treats Tom correctly, fairly and isn’t using him to build their profile,’ he said.’I want him to be happy.’
When rumors swirled that Brady was dating Kim Kardashian, Portnoy took to social media to bash the alleged relationship.
‘Tom Brady can’t date Kim Kardashian. If he’s not better than that then we as men have nothing,’ he said.
On the US Women’s soccer team’s loss in the World Cup, he said ‘it’s a huge choke.’
‘They choked this year but if you win two out of every three World Cups, it’s a good run. They just got old,’ he said.
Portnoy said he hopes Tom Brady finds a woman who ‘treats him fairly and isn’t using him to build their profile,’ as he trashed rumors he was seeing Kim Kardashian
Portnoy made the announcement in a video on Tuesday.’PENN Entertainment and ИнфоПост Barstool Sports have gone their separate ways. As of this moment – as you are watching this video – I have purchased back Barstool Sports from PENN,’ he said.
PENN had purchased a stake in Barstool for 36 percent of the company in January of 2020 – increasing its stake to about 50 percent by 2023.
Reports at the time of the initial PENN deal indicated that The Chernin Group would retain their 36 percent stake in the company.It’s unclear whether or not Chernin eventually sold their stake to PENN, or if they sold it to Portnoy in this deal.
Portnoy said, ‘We did this deal about three years ago, and I think both parties were like “we’re gonna take this thing to the moon”.’
‘We underestimated just how tough it is for myself and Barstool to operate in a regulated world where gambling regulators, the New York Times, Business Insider hit pieces f**king with the stock price.Every time we did something it was one step forward two steps back.
‘We got denied licenses because of me. You name it. So the regulated industry probably not the best place for Barstool Sports and the type of content we make.’
‘PENN was able to broker an unbelievable deal with ESPN.We wish them nothing but the best in their endeavors. It’s truly a win-win.’