Dave Portnoy says that Barstool Sports' partnership with Rumble includes “75, 80% stock equity” in the platform
Published
Citation
From the January 23, 2024, edition of Barstool Sports' Davey Day Trader, uploaded to Rumble
CHRIS PAVLOVSKI (RUMBLE CEO): But I think like, the Barstool thing, what's really, you know, unique about the Barstool thing is that you kind of are leaning in on the equity side, which is --
DAVE PORTNOY (BARSTOOL SPORTS PRESIDENT) That's what I was just going to say. I should add, the details of this deal -- I'm not a mathematician, I think it was 75, 80% stock equity, somewhere in that neighborhood.
PAVLOVSKI: Yep.
PORTNOY: Which I'm always -- I'd always rather kind of do that if I believe in like who we're partnering with and the deal that we're doing. So yeah, we're -- the stock going up is great for us. We're obviously have a lock-up, so I couldn't -- I don't know what I would've done if we didn't have a lock-up, and banged out like 35, 50% a day. I don't know, get on my Spirit plane and head to the moon. But yeah, we're in it for the long haul.