What was the Barstool Blackout Tour?

The Blackout Tour, which Barstool U created for the 2011-2012 school year, is named for the black light portion of the show, and not the act of getting “black out drunk,” according to its founder Dave Portnoy.

What are blackout parties?

“People who say that are really disconnected with what we do,” he told msnbc.com. He said “blackout” refers to the venues being lit with black lights. “It’s an electric dance music party with black lights. You dress in all-white to reflect off the black lights,” Portnoy explained.

How does Dave Portnoy make money?

Portnoy has earned his fortune as the founder of digital sports conglomerate Barstool Sports. He sold portions of Barstool over two transactions. He first sold a majority stake in 2016 to The Chernin Group. In January 2020, Penn Gaming acquired a 36% stake from the founders for $163 million.

Does barstool have a stock?

No, Barstool Sports stock is not publicly traded. However, you can own the company indirectly by buying stock in Penn National Gaming (PENN). In January 2020, Penn National Gaming purchased a 36% stake in Barstool Sports for $168 million, valuing the company at $450 million.

Does Dave Portnoy make money day trading?

Despite his losses, Portnoy managed to monetize the Davey Day Trader live-stream, inking a deal with an eye-wear company to sponsor the broadcast. He continues to trade with his own money to raise the stakes for what has become engaging content for a sports media company in a time where there are no sports.

Does Portnoy own high noon?

The peak in interest may have something, or probably a lot, to do with the “Portnoy Effect.” As EJ Gallo, supplier of High Noon, announced two new flavors, Peach and Lime, they simultaneously launched a marketing partnership with Barstool Sports, a sports media platform and brand with over 66 million monthly unique …

Who owns bar stool?

The Chernin Group Penn National Gaming
Founded by David Portnoy in 2003 in Milton, Massachusetts, the company’s two primary investors are The Chernin Group and Penn National Gaming….Barstool Sports.

Type of site Blog
Owners The Chernin Group Penn National Gaming
Founder(s) David Portnoy
CEO Erika Nardini
URL barstoolsports.com

Who is the CEO of barstool?

Erika Nardini (Jul 2016–)Barstool Sports / CEO

How much of barstool does Dave Portnoy own?

Portnoy is among a small group of Barstool execs that maintains 28 percent ownership of the company. Although he has never disclosed exactly how many shares of Penn National Gaming he acquired through the deal, he says it’s “a ton.” Find out what he’s done with that cash during the pandemic.