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On January 7, 2016, it was announced by David Portnoy in a video that Chernin Media was acquiring a majority stake in the popular website Barstool Sports and moving the headquarters to New York City. In 2018, Chernin, Jesse Jacobs, and Michael Kerns of The Chernin Group formed TCG Capital Management , an investment advisory firm.
- May 29, 1951 (age 72), Harrison, New York, U.S.
- Chairman and CEO, The Chernin Group (TCG)
Feb 17, 2023 · Barstool founder Dave Portnoy had sold majority control of Barstool to Peter Chernin’s Chernin Group in 2016. That initial agreement included a path for Penn to establish full control...
- Todd Spangler
Feb 17, 2023 · In January 2020, Penn Entertainment, then known as Penn National Gaming, paid $163M for a “36% stake in Barstool Sports, with previous owner the Chernin Group left with the same percentage stake.”. Barstool founder Dave Portnoy had “sold majority control” of Barstool to Peter Chernin’s Chernin Group in 2016.
Jan 11, 2016 · In another race to the bottom moment for sports media, the Los Angeles-based Chernin Group has bought a majority stake in raunchy Boston-based blog network Barstool Sports for an estimated...
People also ask
Did Peter Chernin buy back Barstool Sports?
Did Dave Portnoy buy Barstool Sports?
Is Barstool Sports a sports betting company?
Are Barstool Sports and Portnoy sexist?
Aug 9, 2023 · The latter is a reference to the purchase of a 51% stake in the site by Peter Chernin’s Chernin Media Group in 2016. That deal valued the property at between $10 and $15 million. Portnoy,...
Jan 29, 2020 · A casino company is buying Barstool Sports in a $450 million deal. Penn National Gaming is buying the online publisher — which can thank sports betting and the Supreme Court for the deal. By...