David Portnoy Biography
David Portnoy is the founder of the sports and pop culture site Barstool Sports, as well as an internet celebrity, author, and philanthropist.
How old is David Portnoy? – Age
He is 43 years old as of 22 March 2020. He was born in 1977 in Swampscott, Massachusetts, United States.
David Portnoy Family – Education
Portnoy was born in Swampscott, Massachusetts, to Jewish parents Michael and Linda (née Kaufman). He attended Swampscott High School. Todd McShay of ESPN was one of his classmates. In 1995, Portnoy enrolled at the University of Michigan and graduated with a degree in education.
David Portnoy Wife
Portnoy is a devout Jew. In 2009, he married Renee Satherthwaite. Portnoy and his wife separated in January 2017.
What is Dave Portnoy worth? – Net Worth
Portnoy has an estimated net worth of $120 million.
How much did Portnoy sell Barstool Sports for? – Barstool Sports
Portnoy left the business after four years to start what would become Barstool Sports. On the 7th of January 2016, Peter Chernin’s The Chernin Group bought a majority stake in Barstool, and the company’s headquarters were reported to be moving to New York City. Penn National Gaming paid $163 million to the owners of Barstool Sports in 2020 for a 36 percent interest in the company, including $135 million in cash and $28 million in Penn non-voting convertible preferred stock. The Chernin Group will keep a 36 percent interest in the business after the sale, while Portnoy will continue to manage the platform and retain creative control over the content. Portnoy met President Donald Trump at the White House in July 2020. Within Barstool Sports, the interview sparked debate, with podcast host Dan Katz openly condemning it.
What is Dave Portnoy Salary?
In sum, Portnoy got $687,063 in salary. A total of $602,085 was paid in wages, $50,000 in bonus, $34,978 in stock options, $0 in stock awards, and $0 in other forms of compensation. Portnoy announced that he had lost $700,000 on “meme stocks” such as GameStop. Portnoy announced on Twitter that he had sold all of the stocks he had bought.
Dave Portnoy Accusations
Portnoy was arrested by New York City police on May 12, 2015, after he and three Barstool employees handcuffed each other on the NFL headquarters floor. The demonstration was in response to the Deflategate controversy. For a portion of Super Bowl LIII, Portnoy was kept in a holding cell at Mercedes-Benz Stadium. After making fake passes to attend a press event the day before, Portnoy was banned from attending the game.
The National Labor Relations Board opened an investigation into Portnoy in August 2019, alleging that he unlawfully threatened to fire his staff if they formed a union. Portnoy reached an agreement with the National Labor Relations Board in December 2019. Portnoy was forced to delete his threatening tweets as well as any possible anti-union content created by Barstool Sports as part of the informal settlement.
Dave Portnoy House
Be bought a $2 million four-bedroomed Nantucket Home which is the Physical Embodiment of New England. The “Path’s End” house has an in-ground pool, a stone patio, a small porch, and a few healthy blue hydrangea bushes. In addition, the approximately one-acre property is adjacent to a large protected area.