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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

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Report: Scott Van Pelt to Relaunch ‘SVPod’ with Peyton Manning’s Omaha Productions

This news comes on the heels of ESPN and Omaha Productions announcing a nine-year, multi-platform rights extension through 2034.

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Graphic for the SVPod and logos for ESPN and Omaha Productions

ESPN anchor Scott Van Pelt is bringing his ‘SVPod’ podcast back after nine months off. According to Front Office Sports’ Michael McCarthy, Van Pelt has partnered with Peyton Manning and Omaha Productions and along with show co-host ‘Stanford’ Steve Coughlin, they will dop two shows per week. McCarthy also reports that as part of the deal, ESPN will air the video version of the show on their YouTube page.

This news comes on the heels of ESPN and Omaha Productions announcing a nine-year, multi-platform rights extension through 2034. As part of the deal, Monday Night Football with Peyton and Eli will continue, which recently attained an average of 1.24 million viewers over its nine-game slate.

The series, which has been on the air for the last three seasons, features former NFL quarterbacks and Super Bowl champions Peyton and Eli Manning who break down the game and welcome several special guests.

Van Pelt’s ‘SVPod’ debuted on January 14, 2020. At that time, Van Pelt was looking for more time to expound on various topics or have longer interviews with topical guests.

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Yahoo Sports Adds Olympic Gold Medalist Shawn Johnson East as Correspondent

“I’m excited to watch the world’s best athletes compete on the biggest stage and take fans behind the scenes along the way.”

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Photos of Shawn Johnson East
Courtesy: Brand-Innovators.com and Getty Images

Yahoo Sports announced is adding Olympic gold medalist Shawn Johnson East as a correspondent for this summer’s games in Paris. Johnson East will be in France to deliver coverage of the gymnastics competition as well as additional moments such as the Opening Ceremony.

She’ll contribute analysis, athlete interviews, and features that bring fans closer to the games’ biggest stories. She’ll also provide reaction to the gymnastics U.S. Olympic Team Trials in June. Johnson East’s coverage will be available across Yahoo Sports platforms and via her social channels. 

“It’s such an honor to be able to return to the Olympics in 2024 with my family for the first time to be an official correspondent for Yahoo Sports,” Johnson East said. “I’m excited to watch the world’s best athletes compete on the biggest stage and take fans behind the scenes along the way.”

Johnson East won a gold medal in the 2008 Olympic balance beam event. She won silver in the team, all-around, and floor exercise events. After retiring from gymnastics in 2012, Shawn has gone on to write a New York Times best-selling book, win Dancing with the Stars, and start a YouTube channel with more than 405 million views and a popular podcast with her husband, Andrew.

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The Dan Patrick Podcast Network Adds Two Jomboy Media Shows

“I love entertainment that surprises and informs, which makes ‘Jimmy’s Three Things’ and ‘Wake N’ Jake’ great additions to my podcast network.”

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Logos for the Jimmy's 3 Things and Wake n JAke podcasts

iHeartPodcasts, Dan Patrick and Jomboy Media announced a partnership to add the “Jimmy’s Three Things” and “Wake N’ Jake” podcasts to The Dan Patrick Podcast Network, effective immediately.

Co-produced by Patrick, iHeartPodcasts, Workhouse Media and Jomboy Media, “Jimmy’s Three Things” and “Wake N’ Jake” — individually hosted by Jomboy Media co-founders Jimmy “Jomboy” O’Brien” and Jake Storiale, respectively — are available now on the iHeartRadio app and everywhere podcasts are heard.

In each episode of Jimmy’s Three Things, Jomboy reveals his “3 things” of the week. Wake N’ Jake covers the biggest storylines across the world of sports, including the latest trades, injuries, prospects, draft previews, predictions, and more.

“Dan Patrick’s an originator of the fun-first, fan-driven sports community that Jomboy Media is built upon,” said Jimmy “Jomboy” O’Brien in a release. “Partnering with his podcast network is a tremendous opportunity to take two of our most fun shows to the new level.”

“I grew up watching Dan Patrick and to be working with him now is a dream.” said Jake Storiale. “It’s really cool to see our company grow in so many organic and surprising ways, and now some of our shows will be hosted on one of the biggest podcast platforms in the country.”

“Moments with Jimmy ‘Jomboy’ O’Brien and Jake Storiale are rarely predictable,” shared Dan Patrick. “I love entertainment that surprises and informs, which makes ‘Jimmy’s Three Things’ and ‘Wake N’ Jake’ great additions to my podcast network.”

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