Dave Portnoy sold Barstool Sports for $551M — then got it back for $1 — what to learn from this ‘great trade’

Portnoy’s roughly $550 million windfall from selling his company underscored a key lesson: Building and selling a business can be one of the most powerful wealth-building tools in the U.S.Read more: 30% of US drivers switched car insurance in the last five years. Here's how much they saved — and how you can cut your own bills ASAPAs part of the deal, Portnoy agreed to repurchase Barstool and abide by specific non-compete restrictions. Penn also retained the right to claim 50% of the gross proceeds from any ...