provides Penn National<\/a> with the rights to acquire the remaining stake in the company in what could run $450 million in total.<\/p>\n<\/div>\nFollowing Penn’s investment in Barstool, the online brand soon ventured into the sports betting space. The Barstool Sportsbook is licensed and operating in Pennsylvania, Michigan, Illinois, and Indiana. Barstool’s online interactive casino is live in Pennsylvania and Michigan.<\/p>\n
Various Businesses Assisted<\/b><\/h2>\n
The Barstool Fund’s original intent was to provide financial aid to struggling restaurants amid the pandemic. But since then, the charity has stepped in to help numerous businesses in varying fields.\u00a0<\/span><\/p>\nBowling alleys, laundromats, salons, indoor sports facilities, mental health services, yoga and dance studios, and clothing manufacturers are just a few examples of the diverse businesses assisted.\u00a0<\/span><\/strong><\/p>\nTo qualify for help, the small business must continue to pay their employees and refrain from reducing jobs. For those deemed qualified, the Barstool Fund typically issues a grant in the amount that will allow the business to survive another 30 days.\u00a0<\/span><\/p>\nBusinesses are able to receive further donations from the fund to make sure the original benefit isn’t for nothing.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The Barstool Fund is here to stay.\u00a0 Barstool Sports founder Dave Portnoy says his nonprofit, formed last year to assist small businesses, is becoming a permanent charitable organization.\u00a0 Portnoy established Barstool Sports in 2003. He sold a 36 percent stake in the digital media turned sports betting company to Penn National Gaming in January of […]<\/p>\n","protected":false},"author":25,"featured_media":181939,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1074],"tags":[],"acf":[],"yoast_head":"\n
Barstool Fund Becomes Permanent Charity, Seeks Executive Director<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n