|Legal Name:||Barstool Sports|
|Headquarters Regions:||New York City|
|Number of Employees:||200+|
|Area served:||United States of America|
|Products of Company:||digital media company|
|Net Worth in 2021:||$450 Million|
Barstool Sports is a renowned digital media company that has been known to produce contents that focus on pop-culture together with sports. Additionally, to its fame, Barstool Sports has also gained popularity from its founder, who is known as David Portnoy. David is a popular sports media figure in America who has also been a popular internet entrepreneur. It dates its history back to the year 2003 when it got its inception, 4 years after David Portnoy had graduated from his higher learning education at the University of Michigan.
Popularity attributing to Barstool sports started with no much prediction of it becoming an international digital media company. As a matter of fact, it commenced as a print publication that used to provide advertisements on gambling as well as a projection on fantasy sports. Keep reading as we get to know more about Barstool Sports in the year 2021.
Well, how well do you know about Barstool Sports? If not much, we have compiled all you need to know about Barstool Sports’s net worth in 2021, wiki and complete details. Well, if you’re all set, here is what we know about Barstool Sports to date.
Barstool Sports got its inception in the year 2003 in which was 4 years after Dave Portnoy had graduated in 1999 from the University of Michigan. The company is currently owned by The Chernin Group, together with Penn National Gaming. Erika Nardini is the current Chief Executive Officer, with its location being in Milton, Massachusetts, in the United States of America on its inception.
However, its current headquarters is in New York City. Dave got into the idea of pioneering this company after his graduation. He commenced working at Yankee Group, located in Boston. This was a consultation as well as a research company. On this, he worked at Yankee Group for a period of 4 years, after which he then left to commence his company known as Barstool Sports.
On commencing the Barstool Sports, the company got involved in activities of print publication. Dave got some of his co-workers in which they offered advice as Barstool Sports on fantasy sports.
In addition to this, the company at this early stage usually provided gambling advertisements through publishing them in Boston. The company kept on increasing its popularity through much success they enjoyed in its career as well as investments. To come to the limelight, Barstool Sports made its biggest move in the year 2007 when Dave pushed the publication online.
On commencing the Barstool Sports company, the first and major activities done in the company were on print publications. However, with time there were advancements in the activities done through which the company got key investments and became one of the major and best digital media companies.
The great move of this company come in the year 2007 after it launched its business on the internet. As a result of this, AOL, an American online service provider together with a web portal company, commenced airing full online content from Barstool Sports. This was one of the major contributors to the popularity of Barstool Sports.
Later in the year 2016, David Portnoy called for an Emergency Press Conference in Time Square through which he announced that The Chernin Group had purchased the majority stake of Barstool Sports in which their stake was 51% of both the Barstool Sports together with its site. With this happening, the headquarters of Barstool Sports changed from Milton to New York City.
Following this, the president of Chernin Group, known as Mike Kerns, got featured in Portnoy’s podcast known as The Dave Portnoy Show, in which he got featured for the discussion on the acquisition done to the company. Through this podcast, they indicated how they met in which they met through a mutual friend known as Jared Lorenzen.
On the acquisition of Barstool Sports in 2016 by The Chernin Group, David still continued to be the primary controller of the site, together with retaining the creativity on its contents. However, later in the same year, on 19th July 2016, a former AOL marketing officer known as Erika Nardini got announced as the CEO of this company.
After this, the company commenced broadcasting a televised version of Barstool broadcast known as The Barstool Rundown Live on Comedy Central. This broadcast became popular in 2017 on which Indianapolis Colts made an announcement that he was to retire from the NFL to contribute to this site. Later in June 2017, Michael Rapaport was also announced to join Barstool Sports, through which he would host a podcast. Following this, they then commenced producing many podcasts, which have been a high contributor to the success of this reputable company.
Lastly, in the year 2020, Penn National Gaming partnered with Barstool Sports, through which they purchased 36% of their stake and hence increasing the net worth of this company. Barstool then released a mobile application on sports betting known as Barstool Sportsbook.
Awards & Achievements
Barstool Sports has had a successful evolution through which it has been contributed to the changes that have happened in the company over time. They are yet to win an award in the industry through which they are expected to have some major wins within the next coming few years. This is followed by its high popularity, together with the success the company has had in the digital media company.
Net Worth & Earnings of Barstool Sports in 2021
There has been an increase in the net worth of Barstool Sports, which has been led by its continuous revolution contributing to its success. As of 2021, Barstool Sports has a net worth of $450 Million, which was a high increase following its previous valuation done, which was on a net worth of $100 Million in the year 2018.
Having just begun as word of mouth, Barstool Sports turned to its overnight success. This was mainly led to the purchase of a high stake from the Chernin Group. It has gained much popularity as a digital media company in which it focuses on revolutionized sports media together with pop culture. Their success is unstoppable and expected to go to higher heights with the new combinations scaling higher and higher.