How Dave Portnoy bought back his $840M company for just $1

You may have recently seen the headlines that the founder of Barstool Sports recently bought his media company back for $1 after selling it for $840 million. That sounds like a pretty good deal… We knew there was more of a story there. Today, Sascha is joined by Equity Mates colleague Alf Eddy to discuss how Dave Portnoy regained control of the massive media empire BarStool Sports all for a tiny piece of change. Want more Equity Mates? Click here. In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.The Dive is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.