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Barstool Sports is an American blog website and digital media company headquartered in New York City that publishes sports journalism and pop culture-related content. It is owned by David Portnoy, who founded the company in 2003 in Milton, Massachusetts. History Launch and growth (2003–2016) Barstool began in 2003 as a weekly print publication distributed for free at transit stops in the Boston metropolitan area that offered gambling advertisements and fantasy sports projections, but later expanded to encompass other topics. It launched on the Internet in 2007. The site was headquartered in Milton, Massachusetts, identifiable with a cardboard sign with the site's name written in ballpoint pen. Portnoy hired Kevin Clancy in 2009 and launched Barstool New York, the blog's first major move outside the Boston area. Barstool ceased publication of the print version in 2010 and transitioned to a web-only model. By 2013, Barstool Sports had expanded to five cities, including Philadelphia and Chicago, with a university-focused BarstoolU brand. Each franchise had its own editorial staff and voice and operated essentially autonomously from the main Barstool Sports blog. The blogger team published around 70 to 80 posts each weekday. According to Entrepreneur.com in December 2013, more than four million unique users visited Barstool each month, with more than 80 million page views. Barstool Blackout Tour In 2011 and 2012, the BarstoolU brand ran the "Barstool Blackout Tour", a series of electronic dance parties with as many as 2,500 attendees at venues in cities and college towns on the East Coast and in the Midwest. The parties were criticized for promoting excessive drinking and allowing underage drinking, as well as for assaults that have happened at the proceedings. In February 2012, Boston mayor Thomas M. Menino expressed concern through a spokesperson over the parties' promotion of "excessive drinking to the point of blacking out" and that such promotion would not be a good message for the city. Massachusetts Alcoholic Beverage Control Commission agents and club security at a House of Blues event in Boston the following month confiscated 300 fake identifications and refused admission for around three-fourths of the event's 2000 ticket holders. Shortly thereafter Portnoy announced that the company would not be scheduling more of the events in Boston, stating that "it just doesn't seem like Boston is friendly to nightlife of our sort, at least". The Chernin Group investment (2016–2020) By 2016, Barstool claimed to pull in 250 million views per month. On January 7, 2016, private equity firm The Chernin Group (TCG) purchased a 51% majority stake of Barstool Sports, valuing the company at between $10 and $15 million. According to Chernin Group president of digital Mike Kerns, Kerns was put in contact with Portnoy via mutual friend and former University of Kentucky quarterback Jared Lorenzen. After an initial phone call, Kerns flew to Boston to have dinner with Portnoy, discuss the Barstool vision, and begin preliminary investment talks. Following the TCG investment, the company moved its headquarters from Boston to New York City. Portnoy continued to run the site and retained complete creative control as Chief of Content. On July 19, 2016, Erika Nardini, former chief marketing officer of AOL, was announced as the CEO of Barstool Sports. In 2020, Chernin relinquished control of Barstool as part of the Penn National Gaming partnership. During the week of Super Bowl LI, Barstool broadcast a televised version of The Barstool Rundown live from Houston on Comedy Central. The show made headlines on February 2, 2017, after Indianapolis Colts punter Pat McAfee announced during a segment of that night's episode that he was retiring from the NFL to become a contributor to the site. On June 19, 2017, the site announced that Michael Rapaport would be joining Barstool Sports and hosting a podcast. Rapaport and Barstool quickly ended their relationship in a public feud involving Kevin Durant. On October 18, Barstool Van Talk debuted on ESPN2. The show starred Pardon My Take personalities PFT Commenter and Dan "Big Cat" Katz. It was cancelled after one episode, with ESPN Inc. president John Skipper citing concerns about distinguishing the content of Barstool from that of ESPN. The show's removal came after past statements from Barstool president Dave Portnoy resurfaced, one of which involved calling current ESPN employee Sam Ponder a "slut". Following a round of fundraising reported in January, Barstool is said to have received a valuation of $100 million. According to CEO Erika Nardini, The Chernin Group has invested $25 million in the website. On February 18, Michael Rapaport was fired after making a derogatory comment towards the site's fan-base. On March 28, 2018, NBA player Frank Kaminsky launched a Barstool podcast, Pros and Joes, hosted by himself and three of his high-school friends. Penn National Gaming investment and purchase (2020–2023) On January 29, 2020, casino company Penn National Gaming (now Penn Entertainment) purchased a 36% stake in Barstool Sports for $163 million in cash and stock, valuing Barstool at $450 million. Penn National would have the option to pay an additional $62 million in 3 years to increase its stake to 50%. At that time, Penn National and Barstool had options that would increase the casino company's stake to control or full ownership, based on fair market value at the time. According to Vox Media, Barstool generated between $90 and $100 million in revenue in 2015, with the majority from podcasts, merchandise sales, and gambling deals. Penn's investment was seen as part of a growing trend of gambling and media companies to partner to capitalize on an anticipated boom in online gambling after the U.S. Supreme Court allowed sports betting in Murphy v. National Collegiate Athletic Association. Following the sale, The Chernin Group maintained a 36% stake in the company. The company launched Barstool Sportsbook, a mobile application for sports betting, in Pennsylvania on September 18, 2020. During its first week of operation, it handled $11 million in wagers. In January 2021, the company announced that the Sportsbook would be expanding to the state of Michigan. Penn National announced that they would be matching all first-time deposits by donating to the Barstool Fund, raising a total of $4,550,280 for Michigan small businesses. As of January 2023, the application is available in the states of Pennsylvania, Michigan, Illinois, Indiana, Colorado, Virginia, New Jersey, Tennessee, Arizona, Iowa, West Virginia, Louisiana, Ohio and Maryland. On July 27, 2021, Barstool Sports was announced as the new title sponsor of the Arizona Bowl. The company will have exclusive international broadcast rights for the game for the duration of its contract. The 2021 edition of the Arizona Bowl was to be played at Arizona Stadium in Tucson on December 31. The game was cancele.... Discover the Jason Portnoy popular books. Find the top 100 most popular Jason Portnoy books.