Barstool Sports boss Dave Portnoy shrugs off intercourse tape as inventory in on line casino firm slides 6%

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Dave Portnoy has shrugged off claims {that a} leaked intercourse tape might have triggered a dip within the share value of a playing firm he owns a ‘ton’ of inventory in.

The Barstool Sports founder, 44, posted a video to Twitter discounting solutions that the leaked tape that surfaced on-line on Tuesday might have triggered a dip within the worth of Penn National Gaming shares.  

‘A inventory is down as a result of any person has consensual intercourse? Are you f***ing kidding me?’ 

It’s unclear when the video was made, however Portnoy mentioned it was previous and that it confirmed a consensual act. 

News of the the leaked video clip on Tuesday coincided with a drop within the share value of Penn, which purchased a 36% stake in Barstool Sports for $163 million in January 2020. 

The inventory opened at $110.17 on Monday morning. It opened on Tuesday at $106.75 and by 1:30pm Tuesday afternoon Eastern time it had dipped to $100.46 earlier than recovering to $102.37 on Wednesday afternoon.

The share value for Penn National Gaming inventory dipped by 10% from its opening on Monday morning  till 1:30pm on Tuesday

Portnoy posted a profanity-laden video on Twitter brushing aside suggestions that the sex tape had caused the share price to drop, and advising followers to buy on the dip

Portnoy posted a profanity-laden video on Twitter brushing aside suggestions that the sex tape had caused the share price to drop, and advising followers to buy on the dip

Portnoy posted a profanity-laden video on Twitter brushing apart solutions that the intercourse tape had triggered the share value to drop, and advising followers to purchase on the dip

Portnoy is worth an estimated $120 million after selling a 36% stake in Barstool Sports to Penn in January 2020 for $163 million

Portnoy is worth an estimated $120 million after selling a 36% stake in Barstool Sports to Penn in January 2020 for $163 million

Portnoy is value an estimated $120 million after promoting a 36% stake in Barstool Sports to Penn in January 2020 for $163 million 

Penn owns casinos, racetracks, online gambling sites across the US, including the Margaritaville Tropical Casino, above, in Bossier City, Louisiana

Penn owns casinos, racetracks, online gambling sites across the US, including the Margaritaville Tropical Casino, above, in Bossier City, Louisiana

Penn owns casinos, racetracks, on-line playing websites throughout the US, together with the Margaritaville Tropical Casino, above, in Bossier City, Louisiana

Portnoy, who in response to his Twitter bio owns a ‘ton of Penn Stock’, is value an estimated $120m.

Portnoy instructed Fox Business on Tuesday the video was dated and the intercourse was consensual.

He instructed the community that the correlation in inventory motion simply appears ‘dumb.’

‘Somebody committing a criminal offense by leaking an previous video of intercourse between two consenting adults looks as if a dumb motive for a inventory to go down,’ he mentioned. 

‘As far as I do know, no one would exist on Earth with out intercourse. And anyone who shared or watched it dedicated a federal crime. It was by no means meant for public consumption.’ 

Portnoy claimed it was a federal crime to observe or distribute the video.    

In the 45 second video, which has been extensively circulated on-line, Portnoy is seen having intercourse with a lady from behind whereas pulling her neck again with a wire.  

It’s not the primary, or second time a intercourse tape of Portnoy has been leaked on-line.  

He alluded to the very fact he’d been caught up in earlier intercourse tape controversies throughout a Twitter rant on Tuesday.

‘Penn inventory is down as a result of there is a f***ing intercourse tape of me? Hey, information flash: It’s the third f***ing one,’ he mentioned. 

‘What are you gonna f***ing do? It’s the web. So I’ve intercourse. People f***ing know that.’

Portnoy, 44, married ex-wife Renee Satherthwaite, 33, in 2009; the pair announced their split in 2017

Portnoy, 44, married ex-wife Renee Satherthwaite, 33, in 2009; the pair announced their split in 2017

Portnoy, 44, married ex-wife Renee Satherthwaite, 33, in 2009; the pair introduced their cut up in 2017 

Portnoy helped raise $12 million for 47 small businesses during the pandemic

Portnoy helped raise $12 million for 47 small businesses during the pandemic

Portnoy helped elevate $12 million for 47 small companies throughout the pandemic

Portnoy was beforehand married to Renee Satherwaite, however they cut up in January 2017 after eight years of marriage.

Announcing the wedding breakup, he revealed he was courting health teacher Jordyn Hamilton.

Since beginning Barstool Sports in 2003, Portnoy has grown the media firm right into a multimillion-dollar enterprise.

In January of 2020, the corporate was valued at $450 million, with Penn National Gaming shopping for a 36 per cent stake for $163 million.

In December of that 12 months, Barstool and National Labor Relations Board reached a settlement wherein Portnoy needed to delete his offending tweets and take away any anti-union materials created by the corporate.

That included a secret Twitter account known as Barstool Sports Union, which posed as a Barstool worker organizing a union throughout the firm — however turned out to be run by the corporate itself in an effort to uncover workers who tried to unionize.

And final 12 months, Portnoy was unapologetic when movies resurfaced of him utilizing the n-word and different racist language, in addition to talking out in help of sporting blackface, in response to Variety.  

During the coronavirus lockdown, Portnoy was an outspoken critic of a scarcity of assist for small companies, and he raised $12m in two weeks final December that helped 47 companies keep afloat.  

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