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Gambling Company In Negotiations To Buy Barstool

“The potential buyer is reportedly Penn National Gaming, a publicly traded gambling company which operates 41 properties in 19 states.”

Brandon Contes

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The fastest growing social media brand among men 18-34 might soon have a new owner.  The Chernin Group, which owns Barstool Sports, is in advanced talks to sell a majority stake in the platform, according to Vox.

The potential buyer is reportedly Penn National Gaming, a publicly traded gambling company which operates 41 properties in 19 states.

In November, Ryan Glasspiegel of The Big Lead reported Chernin Group was exploring the possible sale of Barstool Sports to a gambling operator, but which company that might be was unclear at the time.

“We continue to speak or have spoken with everybody from DraftKings to FanDuel to Stars to PointsBet to Penn to Willam Hill to MGM to Rush Street, etc.,” a statement attributed to Barstool founder Dave Portnoy said to Vox. 

“I think that if we aligned ourselves with one company with a shared vision, that company would have an extraordinary advantage in the race to becoming the leading gambling company in the United States.”

In 2016, The Chernin Group purchased a majority stake in Barstool Sports from Portnoy. Two years later the group purchased more shares while investing a total of $25 million in Barstool Sports, which was last valued at over $100 million. At the time (2018), Portnoy said he hopes to increase the company’s value from $100 million to $250 million within the next three to five years.

A partnership between the Wyomissing, PA located Penn National Gaming and Barstool could help the casino and racetrack operator enter the realm of online sports betting. Barstool has long been associated with sports wagering, already having its own gambling destination, providing content to its fans via Barstool Bets. 

Brandon Contes is a freelance writer for BSM. He can be found on Twitter @BrandonContes. To reach him by email click here

Sports Online

PodcastOne Expands Sports Offerings, Adds Nick Swisher, Bobby Portis and Chris Howard to Lineup

PodcastOne is growing its lineup of sports show offerings by adding podcasts from a World Series champion, NBA champion and a former NFL running back.

Jordan Bondurant

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PodcastOne

PodcastOne is growing its lineup of sports show offerings by adding podcasts from a World Series champion, NBA champion and a former NFL running back.

The company announced it has brought on Nick Swisher, Bobby Portis and Chris Howard to add to its already stacked slate of programming that includes shows from Robert Horry, Michael Irvin, Jay Cutler and “Stone Cold” Steve Austin.

“With the growing PodcastOne sports vertical, we are producing and developing exclusive sports content shows from some of the most recognizable names in the game, adding to our diverse roster of original programming that advertisers and listeners won’t get from other networks,” said PodcastOne president Kit Gray. “Our sports hosted shows offer something for everyone, from the parquet floors of the world of basketball to the spectacle of the wrestling ring.”

Swisher, who will host The Nick Swisher Show, expressed his excitement at the opportunity to tell stories and interview stars from the world of sports and culture.

“My curiosity for the world around me from baseball to books, from coaches to community and from inspirational stories of triumph to seemingly insurmountable moments of failure knows no bounds,” Swisher said. “I’m amped to be sharing stories with fans and listeners, and I’m so excited to partner with PodcastOne to bring my podcast to life.”

Current Milwaukee Bucks forward Bobby Portis will roll out a weekly show called Keep It A Buck where he’ll offer an inside look at the week that was in the NBA while interviewing current and former players.

Howard’s show, Plugged In with Chris Howard, will take a look at some of the biggest headlines in the NFL and get to the bottom of those stories. He’ll also interview athletes and other stars from the world of entertainment to give listeners plenty of behind-the-scenes scoops.

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Sports Online

Amazon’s Thursday Night Football Ratings Up In Week 4

That figure represents growth from last week’s Steeler-Browns game which averaged 11.03 million viewers.

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Sam Greene/The Enquirer / USA TODAY NETWORK

Amazon Prime Video is the first to tout its NFL success in Week 4 of the season. The week’s first game, the Thursday Night Football matchup between the Miami-Dolphins and Cincinnati Bengals, averaged 11.7 million viewers.

That figure represents growth from last week’s Steeler-Browns game which averaged 11.03 million viewers. That number also represents a massive increase over last year’s Week 3 game from last year (Jaguars-Bengals) which averaged 8 million viewers. That game aired on the NFL Network.

Amazon also noted that the streaming service gathered 13.4 million viewers across all platforms for the Thursday night game.

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Sports Online

Julian Edelman Considers Himself A Pioneer

“I’ve been a football player since I was 8 years old, but I did have other interests. Now that I am done, I get to explore that.”

Ricky Keeler

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Since his playing days with the New England Patriots ended after the 2020 season, Julian Edelman has kept himself busy with his role on Inside the NFL and now co-hosting the Games with Names podcast with comedian Sam Morril. So, what was Edelman looking for with his post-football endeavors?

Edelman was a guest on the most-recent episode of the Half-Forgotten History podcast with Trey Wingo and he said that the vibe that Inside The NFL has with Phil Simms, James Brown, Brandon Marshall, Michael Irvin, and Ray Lewis was something that he was looking for.

“With Inside the NFL, I have those guys and there’s a camaraderie. We get to have that breaking bread and just locker room kind of vibe. On the podcast, it’s the same thing.”

The MVP of Super Bowl XLIII mentioned that the key to doing the things he does now in his post-career came from the way him and his team were able to use social media to build his own brand and help ease the transition from a playing career to a member of the media.

“When I retired, I was fortunate enough to put a good team around me for all of my off-the-field things. We built a brand through social media. Kind of pioneers of this whole thing with social and e-commerce and millennial/Gen-Z things. It helped me land a role on Inside the NFL and go and have an ability to start a podcast, Games With Names. It’s been good and it honestly helps with the transition.”

Now that Edelman’s playing days are in the past, he said that he now has the opportunity to do things that he was always interested in since he was a kid, but did not have the time for and he is grateful for the opportunities that the NFL has allowed him to have.

“I’ve been a football player since I was 8 years old, but I did have other interests. Now that I am done, I get to explore that. I am so grateful for football and for the game just because it has given me the opportunity to do things that are fun and amazing.”

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