Portnoy Gets Barstool for a Dollar as Penn Writes Off $850 Million

Portnoy Gets Barstool for a Dollar as Penn Writes Off $850 Million

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Barstool sports founder Dave Portnoy paid one single greenback to buy back money-losing Barstool Sports from Penn Entertainment, according to Penn’s quarterly filing with the Securities & Exchange Commission Wednesday evening. Penn, meanwhile, will take as much as an $850 million loss on the…

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