Via The Big Lead:
The Chernin Group is exploring the sale of Barstool Sports to a gambling operator, two sources have told The Big Lead. One source said talks were in advanced stages (as always with these things, until they’re finalized with pen to paper there is the possibility that they fall through). Barstool founder Dave Portnoy and CEO Erika Nardini did not immediately respond to a request for comment.
Right now it is unclear which gambling operator is the most likely suitor for Barstool, and whether Chernin Group would be selling a majority or minority stake in the business.
Could it be time to cash out for the Chernin Group?
Sounds like they may have gotten more than they bargained for when acquiring Barstool. . .
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