Adam Ryan 🤝 on X: “Part of the deal is that Barstool has a noncompete with Penn. Before t…”

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Adam Ryan 🤝 on X: “Part of the deal is that Barstool has a noncompete with Penn. Before t…” | PeekX

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Adam Ryan 🤝

@AdamRy_n

Aug 8, 2023

So that's why Penn wants out.

It makes sense strategically, financially, and operationally to align with ESPN.

So they just gave Penn back to Dave for free?

Not exactly.

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Adam Ryan 🤝

@AdamRy_n

Replying to @AdamRy_n

Part of the deal is that Barstool has a noncompete with Penn.

Before the Penn acquisition, the largest advertising client of Barstool was sportsbooks.

Now, no money is coming in from their best profile of clients. Which puts constraints on the business.

Aug 8, 2023, 10:40 PM UTC

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