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Is Barstool Founder Dave Portnoy’s Stock Advice Illegal?

As prominent figure in sports media, Portnoy shares his “Davey Day Trader” videos on Twitter to his 1.8 million followers and often discusses several stocks that he follows, one of which is Penn.

Kate Constable

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Dave Portnoy

Dave Portnoy, founder of Barstool Sports, could come under scrutiny by the Securities and Exchange Commission for manipulation and insider trading.

Portnoy has voiced via Twitter that he owns stock in Penn National Game, a company that purchased 36% of Barstool Sports in January. While ownership of the stock is not illegal, using his social media platforms to promote or advertise the stock could become of concern, according to an article published by Front Office Sports.

As prominent figure in sports media, Portnoy shares his “Davey Day Trader” videos on Twitter to his 1.8 million followers and often discusses several stocks that he follows, one of which is Penn.

Front Office Sports recently cross referenced several of Portnoy’s tweets mentioning Penn with the company’s stock on each of those days, finding that the stock saw average gains of 6.4%, which could be considered manipulation based on his celebrity status.

Insider trading could also be potentially problematic for Portnoy because of his stake in Penn and knowledge of how the company is doing. The SEC legislates that sharing any of that information publicly is illegal because of the impact it has, both up and down, on a stock value.

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Sports Media Reacts to Chris ‘Mad Dog’ Russo Taking THC Gummies & Watching College Football

Jordan Bondurant

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Mad Dog Chris Russo
Courtesy: SiriusXM

Over on First Take on Wednesday, Chris “Mad Dog” Russo turned some heads when he was given the floor by Molly Qerim to talk about his plans for this weekend.

Mad Dog, host Stephen A. Smith and Marcus Spears were talking about Saturday’s matchup between Colorado and Oregon, when Qerim told Russo to share with Stephen A., Marcus and America what he told Molly about the weekend.

Russo proceeded to lay out his tentative schedule for Saturday, which involves taking a THC gummy, drinking cocktails and betting $10,000 on the Buffaloes to beat the Ducks in Eugene.

Naturally, Russo’s moment captured the attention of plenty in sports media.

But almost seemingly more so than what Russo actually said, social media had some fun with the facial expressions of Spears.

Even Spears had to chime in himself.

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Travis Rodgers: ‘I’m a Little Skeptical’ of Netflix Sports Documentaries

Jordan Bondurant

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Netflix on Wednesday released a trailer for an upcoming four-part docuseries on soccer legend David Beckham, and 710 ESPN host Travis Rodgers isn’t sure how to feel about it.

On Travis & Sliwa on Wednesday, Rodgers explained that on the one hand, he’s going to check the series out so that he can potentially learn something new about a superstar athlete he wasn’t all that familiar with. On the other hand, not having that familiarity will prevent him from maybe looking at the show with a little more critical eye.

“I don’t know anything about him other than he’s wildly famous and married to a Spice Girl,” he said. “That’s really all I know about him. So I won’t have the base of knowledge to say, ‘Ehh that’s not quite how that went.'”

Travis added that other Netflix series like Untold has made him leery of having high expectations.

“They’re so deeply flawed that I just can assume that this one will be too,” he said. “I’m a little skeptical when that brand is on it, what’s actually in it.”

Rodgers explained that he would much rather have a series that tells stories from different angles rather than perhaps a one-sided story from one person.

“We’ve entered this phase of sports documentaries where the participants are involved in them I’m instantly skeptical of what’s in it,” he said. “Because do you think Michael Jordan would have ever done something like The Last Dance if he didn’t have sign-off on it? Of course not he’s Michael Jordan and he probably doesn’t need to. But the biographies that we see of famous people that are not just unauthorized hatchet jobs but that take a story and tell it from this side, that side and the truth is probably somewhere in the middle.”

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104.5 ESPN Partnering with LSU, LHSAA for Suicide Prevention Walk

Jordan Bondurant

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104.5 ESPN

104.5 ESPN in Baton Rouge is getting out in the community to raise money for a cause – suicide prevention.

The station, LSU and the Louisiana High School Athletic Association have teamed up to organize the Out of the Darkness Walk on October 7. The walk is going to benefit The Rain Will Bring Flowers Foundation.

The foundation was started by the family of Owen Tabor, a young man who took his own life earlier this year. Owen was a high school football player and a devoted LSU fan. The family began the foundation as a way to help make an impact on suicide awareness and prevention.

To learn more about the walk or to donate, check out this link.

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