Barstool Chernin Deal
Webcontinuing to build its brand in the digital marketplace, the chernin group has acquired a 51% stake in the website barstool sports, sources confirm to variety. Webbarstool sports is now “fully owned by casino operator and entertainment company penn entertainment,” according to todd spangler of variety. Webthe barstool dalliance with penn entertainment continues to make money for dave portnoy.
According to a regulatory filing, the founder of barstool sports is. Webpenn entertainment is taking full control of barstool sports as part of a $387 million deal. Webpenn paid about $388 million for the remaining stake in barstool sports that it doesn’t already own, the sports and entertainment company said friday.
