NgospelMedia.Net
NgospelMedia.net is The No. 1 International Urban Gospel Media Website, The Largest Repository of Your Favorite Gospel Entertainment Website, Worldwide, Nigeria. We Published Latest Nigerian and Foreign Gospel Music Downloads, Videos; Lyrics, Artiste Biography, Daily Devotionals. NgospelMedia is mainly a Christian Website, as the Domain Name Speaks; Gospel; Which is also tagged as a Gospel On-line Ministry for Souls Winning... 

Barstool’s Dave Portnoy shrugs at sex tape as Penn stock slides

0 128







- Advertisement -


Dave Portnoy wants investors to get their heads out of the gutter.

The Barstool Sports boss brushed off speculation that his latest leaked sex tape was weighing on Penn National Gaming’s stock price this week.

Portnoy addressed the leak Tuesday as shares of the casino company that owns about a third of his Barstool empire slid roughly 2.6 percent to end the day at $104.09.

“A stock is down because somebody has consensual sex? Are you f—ing kidding me?” Portnoy said in a profane video he posted to Twitter, urging his 2.4 million followers to buy Penn’s shares while the price was lower.

Read More:  Johnson & Johnson eyes 100M COVID-19 vaccines for US by April

“I would jump on this dip and I would f— it,” he said. “No pun intended.”

Dave Portnoy
Robert Miller

Portnoy claims to own a “ton” of stock in Penn, which paid $136 million for a 36 percent stake in Barstool last year with plans to eventually own about half the company.

(L-R) Hosts Liz Gonzales, Dave Portnoy, Kevin "KFC" Clancy and Kevin Hart attend Kevin Hart Live on Barstool Radio on SiriusXM at Super Bowl LII on Feb. 2, 2018 in Minneapolis, Minnesota.
(L-R) Hosts Liz Gonzales, Dave Portnoy, Kevin “KFC” Clancy and Kevin Hart attend Kevin Hart Live on Barstool Radio on SiriusXM at Super Bowl LII on Feb. 2, 2018 in Minneapolis, Minnesota.
Getty Images for SiriusXM

The Pennsylvania-based outfit has since launched casino sportsbooks and a sports-betting app emblazoned with Barstool’s brand, which Penn CEO Jay Snowden recently touted as an “undervalued media asset.”

Advertisements


While it’s unclear whether Portnoy’s purported sex tape actually drove down Penn’s share price Tuesday, the day-trading maven suggested that investors shouldn’t pay it any mind given that two other salacious clips of him have previously gotten out.

He also tweeted that it’s a “federal crime” to watch or post the video.

Dave Portnoy
Dave Portnoy leaving Peter McManus Cafe in Manhattan, one of the NYC bars he helped prop up with a fundraising campaign during the coronavirus crisis.
Robert Miller

“Penn stock is down because there’s a f—ing sex tape of me? Hey, news flash: It’s the third f—ing one,” he said.

Read More:  Costco to hike its minimum wage to $16 an hour

“What are you gonna f—ing do?” he added. “It’s the internet. So I have sex. People f—ing know that.”

Dave Portnoy
Barstool Sports founder Dave Portnoy responds to report of a leaked sex tape that have caused shares of Penn National Gaming to dip.
Twitter

Penn shares continued their three-day slump Wednesday by falling as much as 1.7 percent in early trading. The stock was off about 0.9 percent at $103.14 as of 10:04 a.m.

Advertisements

Advertisements

- Advertisement -

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

- Advertisement -

- related posts -

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x




Send this to a friend