Credit: Read McKendree

Barstool Sports’ Dave Portnoy Buys Home on Nantucket for a Record $42 Million

Barstool Sports founder Dave Portnoy has some new digs on Nantucket.

The media mogul, known to his legion of fans as El Presidente, paid a record breaking $42 million for a 1.2 acre waterfront compound on Monomoy Road. The previous record high sale price on Nantucket was set in June 2023 at $38.1 million.

The property boasts has a pool and a guest house, and an underground tunnel that connects parts of the estate.

Portnoy founded Barstool Sports in 2003 as a free newspaper that he handed out at T stations in Boston. The publication has since seen a meteoric rise and Portnoy sold a 36% of Barstool to Penn Gaming in 2020. In February 2023, Penn acquired the remainder of the company for $388 million. AND THEN in what is perhaps the greatest business deal of our generation, Portnoy bought 100% of the company back in August 2023 for $1. ONE DOLLAR!!

Portnoy also owns homes in Miami and The Hamptons.

Everything comes up pageviews for Portnoy. Well done!

Nantucket Current has the full story.



Just two moguls doing mogul things. PS – He was on his tippy toes! 🙂


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A post shared by Dave Portnoy (@stoolpresidente)





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