Heading into this season, pundits knew the Golden State Warriors wouldn't be as good as they used to be. Without Kevin Durant and Klay Thompson, the Warriors just aren't the same team. Steph Curry and Draymond Green are good but they can't do it all. With this in mind, many had the Warriors making the playoffs but as a seventh or eighth seed. Thanks to an injury to Curry earlier in the season, the Warriors have been truly abysmal and continue to struggle out on the court. In fact, the team has the worst record in the NBA.
Green has been quite frustrated throughout this process and has let his feelings be known. Yesterday, Green was asked about what he hopes to achieve this season which led to a joke answer. In the clip below, Green says “A buyout. Get to a playoff team...I’m just playing.” Green then went on to say he hopes to keep improving and eventually, the team will get out of its slump.
If your a Warriors fan, this season has definitely been one to forget. The vast majority of Warriors fans are used to seeing the team go to the NBA Finals every season, so we can imagine this has been a traumatizing experience for the bandwagon. Once Steph and Klay come back, we're sure they'll be just fine.
Barstool Sports Sells Minority Stake To Penn National Gaming For $450 Million
Barstool Sports continues to take over the world.
A couple weeks ago rumors were circulating online that media conglomerate Barstool Sports was selling a minority stake of its company to a casino operator called Penn National, and it turns out the reports were true. On Wednesday, it was officially announced that Penn National Gaming and Barstool Sports have agreed on a $450 million dollar deal.
According to the Wall Street Journal, Penn National will first buy a 36 percent stake in Barstool for $163 million in cash and stock, which values the company at $450 million. In 3 years from now, the casino company will then have to pay another $62 million to bring its stake to 50 percent, with the ability to buy controlling ownership for an amount to be determined at the time.
Penn National, which runs & owns dozens of low-profile casinos and hotels around the US, will have exclusive rights to use the Barstool brand in its sports-betting products. They believe they can bring Barstool’s loyal fanbase and traffic to its casinos and upcoming new betting app.
For what its worth, a person briefed on Barstool’s business estimates the company generated between $90 million and $100 million in revenue last year, with the majority coming from podcasts, merchandise sales, and gambling deals. The rich keep getting richer I guess.
Check out El Pres’ official announcement of the deal (below).
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