Barstool Sports
New York, US Β· Founded 2015 Β· 1 known investors
Barstool Sports is a sports and pop culture media company producing digital content, and it also sells consumer products such as Stella Blue Coffee ready-to-drink cans.
Also known as Barstool Β· Barstool Sports, Inc.
Founders & leadership
Barstool Sports was founded in 2015 by David Portnoy.
Investors Β· 1
Reported raises Β· per SEC filings
Form D private placements$23.3M disclosed across 2 of 3 rounds Β· 2015β2017
βΆ$14.8MraisedMay 2018 Β· 1 investors Β· OtherRule 506(b)
- David PortnoyExecutive Officer, Director
- Offering amount
- $14.8M
- Amount sold
- $14.8M
- Proceeds to insiders
- $6.9M
- First sale
- Nov 2017
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
βΆ$8.4MraisedMay 2018 Β· 1 investors Β· OtherRule 506(b)
- David PortnoyExecutive Officer, Director
- Offering amount
- $8.4M
- Amount sold
- $8.4M
- Proceeds to insiders
- $5.4M
- First sale
- Dec 2015
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation Β· disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed β follow each entry's link for the claim.
Company profile
researched Aug 2026Barstool Sports, Inc. is an American sports and pop culture media company. It began in 2003-2004 in the Boston area as a free four-page print newspaper offering gambling advertisements, sports betting content and fantasy sports projections aimed at young male readers, moved online as a blog in 2007 and ceased print publication in 2010. The company expanded from Boston into other cities, including a New York edition launched in 2009 and, by 2013, operations in five cities including Philadelphia and Chicago, plus a college-focused BarstoolU brand, with each franchise running its own editorial staff.
Today Barstool operates a high-volume blog network and a large slate of podcasts and video programs, including Pardon My Take, The Yak, Mostly Sports, Macrodosing, Fore Play, Spittin' Chiclets, One Bite pizza and food reviews, Surviving Barstool and The Kirk Minihane Show, distributed through its website, apps and video platforms. It also owns the sports blog Old Row and the amateur boxing property Rough N Rowdy, sells merchandise through the Barstool Store, and markets consumer products such as Stella Blue Coffee, whose ready-to-drink cans are sold at Target. Additional activities have included live and televised programming (a Comedy Central version of The Barstool Rundown during Super Bowl LI week and the short-lived Barstool Van Talk on ESPN2), the Internet Invitational YouTube golf event, and The Barstool Fund, a COVID-19 small-business relief effort run in support of the 30 Day Fund.
Ownership has changed repeatedly. The Chernin Group bought a 51% majority stake in January 2016 at a reported $10-15 million valuation; Penn Entertainment bought a 36% stake for $163 million in 2020 and the remainder for $388 million in February 2023; Dave Portnoy repurchased the company in August 2023 for $1 plus gambling non-compete terms and a clause entitling Penn to 50% of proceeds from any future sale.
Founding story
Dave Portnoy, a University of Michigan graduate who had been selling market research at the Yankee Group in Boston, left his job and launched Barstool Sports as a four-page black-and-white print newspaper, funded in part by a $20,000 loan from his father. He rented U-Haul trucks, placed newspaper racks with family help and handed copies to commuters at Boston subway stations, selling ads to local sportsbooks, bars and fantasy sports services. Sources date the launch to September 2003 in Milton, Massachusetts, and to 2004; the publication moved online as a blog in 2007.
Business model
Barstool monetizes an audience built around personality-driven sports and pop culture content through advertising and sponsorships on its site, podcasts and video shows, brand partnerships, merchandise sold via the Barstool Store, consumer product brands such as Stella Blue Coffee, ticketed and live events including the Rough N Rowdy boxing series, and media/distribution deals with partners such as Fox Sports and Netflix.
Advertising and advertising inquiries on the site and its podcast and video network, brand partnerships and sponsorships, direct-to-consumer merchandise and consumer packaged goods (Stella Blue Coffee, sold in retail including Target), events, and content licensing/partnership deals; historically also sports betting partnerships tied to Penn Entertainment.
Traction
By 2016 Barstool claimed 250 million views per month, up from more than four million monthly unique visitors and 80 million page views reported in December 2013. The site publishes dozens of blog posts and long-form video and podcast episodes daily. The Internet Invitational golf event has drawn over 25 million YouTube views, and the company is described as employing more than 400 people. The Barstool Fund raised over $35 million for more than 600 small businesses during the COVID-19 pandemic.
Latest developments
In July 2025 Dave Portnoy announced a wide-ranging partnership with Fox Sports under which he became an analyst on the Big Noon Kickoff college football pregame show. The Internet Invitational golf event first aired between October and November 2025. As of August 2026 the site is promoting retail availability of Stella Blue Coffee ready-to-drink cans at Target and continues to publish daily shows including The Yak, Mostly Sports, Macrodosing and Surviving Barstool.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
A nationally recognized personality-driven digital sports and pop culture media brand that has attracted institutional investment from The Chernin Group and Penn Entertainment, reached valuations in the hundreds of millions, and secured media deals with companies including Fox Sports and Netflix.
Content is built around named on-air personalities with creative autonomy and an unfiltered, satirical, deliberately politically incorrect voice rather than conventional sports journalism, combined with owned franchises (Pardon My Take, One Bite pizza reviews, Rough N Rowdy, Old Row) and direct audience monetization through merchandise and consumer brands.
Technology
The company operates its own website, mobile Barstool App, video and podcast publishing platform and e-commerce store, and maintains an engineering blog; the site is noted as reviewed by Allyant for accessibility.
Go-to-market
Distribution runs through the barstoolsports.com blog, the Barstool App, podcast and video platforms including YouTube, and social media, amplified by individual personalities' followings; commercial expansion has come via partnerships with larger media and gaming companies (Penn Entertainment, Fox Sports, Netflix) and retail placement of consumer products such as Stella Blue Coffee at Target.
Primarily young, male-skewing sports fans and pop culture audiences, described as a loyal fanbase of 'Stoolies,' along with advertisers, brand partners and media/gaming companies seeking access to that audience.
Geography
United States-based; originated in Milton/Boston, Massachusetts, with city-specific editions including New York, Philadelphia and Chicago; headquarters moved from Boston to New York City after the 2016 Chernin Group investment, and Wikipedia lists a Chicago, Illinois headquarters.
History
Founded in the Boston area in 2003-2004 as a free print sports and gambling paper, Barstool launched on the internet in 2007 and dropped print in 2010. Kevin Clancy was hired in 2009 to start Barstool New York, and by 2013 the brand covered five cities with a BarstoolU college arm, drawing more than four million monthly unique visitors and over 80 million page views according to a December 2013 Entrepreneur.com report. The BarstoolU Blackout Tour of electronic dance parties ran in 2011-2012 before being discontinued in Boston. The Chernin Group took a 51% stake in January 2016, the headquarters moved from Boston to New York City, Erika Nardini was named CEO in July 2016, and Barstool acquired Old Row Sports the same year. Penn Entertainment took a 36% stake in 2020 and bought the rest in February 2023 before Portnoy repurchased the company for $1 in August 2023. In July 2025 Portnoy announced a wide-ranging partnership with Fox Sports.
Risks & controversies
Barstool has drawn sustained criticism for content described by critics as misogynistic or offensive, including 2010-2011 posts about rape and a 2011 post involving photos of Tom Brady's young son, prompting protests by the Northeastern University group Knockout Barstool. The 2011-2012 Blackout Tour parties were criticized for promoting excessive and underage drinking and were associated with assaults; Massachusetts regulators confiscated 300 fake IDs at a Boston event, after which the company stopped scheduling them there. Barstool Van Talk was cancelled by ESPN2 after one episode. In 2019 Portnoy threatened to fire employees who sought union advice, drawing statements from the New York State Department of Labor and an NLRB investigation that ended in an informal settlement requiring removal of the tweets and anti-union material. The Penn Entertainment ownership period ended in 2023, with sources noting the difficulty of combining a brash media brand with a regulated gaming operator.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 10
launches, deals, and filingsBarstool's site promotes availability of Stella Blue Coffee ready-to-drink cans at Target.
Portnoy announced that Barstool Sports was entering a wide-ranging partnership with Fox Sports, under which he would become an analyst on Fox's Big Noon Kickoff college football pregame show.
The Internet Invitational, a YouTube golf event mainly for golf influencers founded by Portnoy, first aired between October and November 2025 and garnered over 25 million views on YouTube.
Portnoy repurchased 100% of Barstool Sports from Penn Entertainment for $1, together with non-compete agreements in the gambling space and a clause giving Penn 50% of proceeds should the company be sold again. Penn parted ways with the brand to pursue a partnership with ESPN.
$1 source β
Penn Entertainment acquired the remaining 64% of Barstool Sports for $388 million, taking full ownership.
$388M source β
Penn Entertainment purchased a 36% stake in Barstool Sports for $163 million, comprising $135 million in cash and $28 million in Penn non-voting convertible preferred stock. The Chernin Group relinquished control as part of the transaction.
$163M source β
Barstool Van Talk, starring Pardon My Take personalities PFT Commenter and Dan 'Big Cat' Katz, debuted on ESPN2 on October 18 and was cancelled after one episode.
Erika Nardini, former chief marketing officer of AOL, was announced as CEO of Barstool Sports.
Private equity firm The Chernin Group purchased a 51% majority stake in Barstool Sports, valuing the company at between $10 million and $15 million. Following the investment the headquarters moved from Boston to New York City and Dave Portnoy remained Chief of Content with creative control.
Barstool bought sports blog Old Row Sports for an estimated $10 million to $15 million.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 8
primary sources listed
- Barstool Sportsbarstoolsports.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Barstool Sports do?
- American sports and pop culture digital media company producing blogs, podcasts, video shows, events and consumer brands.
- Who founded Barstool Sports?
- Barstool Sports was founded by David Portnoy in 2015.
- Who are Barstool Sports's investors?
- Barstool Sports's investors include The Chernin Group (TCG Crypto).
- How much funding has Barstool Sports raised?
- Barstool Sports has disclosed $23.3M raised across 2 of its 3 known rounds.
- Where is Barstool Sports headquartered?
- Barstool Sports is headquartered in New York, US.