Latest news with #Portnoy
Daily Mail
11 hours ago
- Daily Mail
Dave Portnoy launches fundraiser for slain NYC cop killed by Shane Tamura with emotional message
Barstool boss Dave Portnoy has launched a fundraiser for the New York City police officer that was killed by Shane Tamura during Monday night's mass shooting in Midtown Manhattan. Didarul Islam was one of the victims of the horrific act, as the Bangladeshi immigrant lived in The Bronx and was a father of two, with a third on the way. He had been with the NYC police department for four years. Portnoy's emotional social media message states he will match any proceeds Barstool makes from its 'Back The Blue' gear and donate it to the Islam family. Added to the 'Back The Blue' design in the aftermath of the mass shooting is Islam's name and precinct on the right sleeve. 'Another tragic story that hits very close to home,' Portnoy said. 'Not only is Barstool's HQ in NYC but this attack occurred in the same office the Brady 4 held our protest.' 'It's never good having to do these charity drives but Officer Didarul Islam leaves behind 2 boys and an 8 months pregnant wife. I will personally match all proceeds we make this week and donate directly to the family.' Barstool's headquarters are located in the Chelsea neighborhood of Manhattan in between 28th and 29th Streets alongside Seventh Avenue. That's around 20 blocks and a few avenues west of where the mass shooting took place at 345 Park Avenue. Portnoy also mentions the 'Brady 4', composed of himself, John Feitelberg, Hank Lockwood, and Paul Gulczynski, who all worked for Barstool in 2015 when they handcuffed themselves together in the lobby of of NFL headquarters to protest the suspension of Tom Brady for Deflategate. The quartet were arrested in their Brady jerseys and were in prison overnight and faced criminal trespassing charges. Earlier this year, Portnoy put out a video recognizing the 10-year anniversary of the protest, including a clip of him shoving a security guard. Authorities have identified Tamura, a 27-year-old licensed private investigator from Las Vegas who once dreamed of a life in football, as the shooter who carried out the deadly rampage in the heart of New York City on Monday night. Tamura walked into the lobby at 345 Park Avenue in Midtown Manhattan and sprayed a long-form M4 rifle before heading to the offices of Rudin Management on the 33rd floor and continuing the terrifying spree. He then took his own life, police have confirmed. On Tuesday morning, New York City mayor Eric Adams said Tamura was targeting NFL headquarters but went to the wrong elevator bank as part of the terrible act.
Yahoo
5 days ago
- Business
- Yahoo
Dave Portnoy's XRP Sell-Off Cost Him Millions—His Reaction? 'I Want To Cry'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When XRP hit fresh all-time highs above $3.40 last Thursday, not all were rejoicing. 'I would've made millions, and I want to cry,' Barstool founder Dave Portnoy said that day in a video posted on X, disclosing that he had sold his XRP bag two weeks earlier at $2.40. 'I don't own it anymore, even though I was the leader of the XRP army,' he said. Portnoy, also known as 'El Presidente,' said he had dumped his XRP holdings on the advice of an unidentified person who had put him on to the asset in the first place. Portnoy said the individual told him that he was 'unhappy' with XRP because he believed Ripple would likely face stiff competition from Circle (NYSE:CRCL), issuers of the USDC stablecoin. Ripple is a blockchain cross-border payments firm. The founders of Ripple were also the creators of XRP. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . The person's concern appears to have emerged around the time Ripple and Circle filed for banking charters in the U.S. to bolster their stablecoin businesses. Portnoy said he held nearly $3 million worth of XRP before he sold. 'I wasn't gonna sell it,' he said Monday in an extended video lamenting his loss. 'I was gonna diamond hands it.' Heightening Portnoy's pain, his purported XRP adviser did not sell his holdings. 'And then the guy is like, well, I didn't sell it,' he said. 'He's like, I hold things for five years. Well, why did you text me out of the blue, been like I don't like it. I just put it away. I wasn't even thinking about it.' The XRP saga is another instance that highlights Portnoy's impulsive trading style. Despite posting 'XRP to the moon' on multiple occasions and claiming to be an 'XRP army' member, his tale suggests he had no conviction in the asset's fundamentals. Trending: New to crypto? on Coinbase. Portnoy admitted as much in May. 'It's FOMO,' he said, explaining his rationale for investing in XRP while speaking at Consensus 2025 at the time. 'It's not like I have some grand belief in it.' Portnoy speculated that XRP could experience the same level of growth as Bitcoin, fantasizing about a future where the asset could trade for thousands of dollars. Meanwhile, it is not the first time Portnoy has fumbled a major cryptocurrency bag. He initially ventured into cryptocurrencies in August 2020, throwing $2 million into Bitcoin and an estimated $300,000 into Chainlink following a conversation with the Winklevoss twins. However, he famously abandoned his positions about a week publicly bewailed this decision in March 2021, stating 'I f—-d up Bitcoin' as the asset's price rallied. The decision appears to continue to torment Portnoy. In December, he highlighted that his initial Bitcoin investment would have been up 10x if he had held. 'Dave is sad,' he said, pointing out that his cost price in 2020 was $11,000 as the asset surged over $100,000. The sting of this regret appears to have encouraged Portnoy to get back in the Bitcoin game, and unlike the last time, the market has so far looked kindly on him. 'I'm still doing good in obviously Bitcoin and ETH,' he said on Monday. Read Next: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— Image: Shutterstock This article Dave Portnoy's XRP Sell-Off Cost Him Millions—His Reaction? 'I Want To Cry' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Dave Portnoy calls out ‘morons' who think WNBA players shouldn't get more money
Dave Portnoy is fed up with those who believe WNBA players don't deserve a higher payday. In the wake of players wearing warmup shirts that said 'Pay Us What You Owe Us' at Saturday's All-Star Game, the Barstool Sports founder and owner made his stance clear with a lengthy post and subsequent video on X on Sunday. 'I don't know how anybody in the world with a brain, and maybe my brain is just bigger than most, can rationally say women don't deserve more money at this point,' Portnoy said in the video. Portnoy went on to reference how Caitlin Clark's rookie salary, $76,000, is less than what Barstool personalities Nicky Smokes and Ben Mintz make per year, calling the disparity 'insane.' As of the 2024 season, the WNBA's average salary was $147,745, according to DirecTV. Portnoy noted how some WNBA critics have referenced reports of the league losing tens of millions of dollars each year, but said the finances of the league are 'a mess, tied in with the NBA and purposely murky.' In October 2024, The Post reported the WNBA would be losing $40 million in the 2025 season. But, as Portnoy put it, the league is 'exploding.' 'Franchise values are exploding. Ticket sales, merch, tv rights all exploding. The players have an opt out in their CBA. Of course they took it. It's all about leverage in re-negotiations and for the 1st time in history of [the] league players have power,' Portnoy wrote. The league agreed to an 11-year, $2.2 billion TV rights deal with Disney, Amazon Prime Video and NBCUniversal last summer, and TV ratings (up 23%), ticket sales (up 26%) and attendance (13%) are all surging halfway through the season, according to NPR. 'The players make virtually nothing while the entire league explodes,' Portnoy added. 'Of course they deserve more money.' Portnoy, who is one of Caitlin Clark's most vocal superfans, also refuted the notion that the league's recent success is unsustainable because it over-relies on Clark's star power. 'This league is so white hot right now, and I know everyone's going to say, 'Well, it's only Caitlin Clark, it's a one-person league,'' Portnoy said. 'Caitlin Clark was 100% the match that lit the fuse…but, Caitlin's not going anywhere. She's year two of a 15-year career.' He added that other young stars like Angel Reese, Paige Bueckers and the soon-to-be pro JuJu Watkins mark a bright future for the league, too. Portnoy concluded by writing that if he could purchase a Boston-based WNBA franchise for $250 million, he 'would do it without blinking.' 'That's all you got to know about the WNBA finances,' he added.
Yahoo
23-07-2025
- Business
- Yahoo
Dave Portnoy's $10 Million Elon Musk Bet Pays Off As Tesla Soars 12% In Two Weeks: 'That's A Million Bucks'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Barstool Sports founder Dave Portnoy has seemingly hit his mark on a high-stakes $10 million Tesla Inc. (NASDAQ:TSLA) trade he made two weeks ago. Check out the current price of TSLA stock here. What Happened: On July 8, Portnoy posted a video on X, claiming to have bet $10 million on Tesla shares, likely around $293 per share, where the stock was trading at the time. 'Update – I bought the 10 milly $TSLA hoping for 10% bounce in 2 weeks or less,' Portnoy posted on X, tagging the move as a #CrazyElon play, referring to CEO Elon Musk's decision to form a new political party, dubbed 'The America Party,' which led to a nearly 7% drop in the stock. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Portnoy said in the video that he aims to make 10%, or 'a million bucks' from the trade, which he promptly plans to take to the Saratoga Race Course in New York. Now, a little under two weeks later, Portnoy's trade has already hit its target, with the company closing at $329 a share on Friday, a gain of 12.28%. Portnoy, who regularly shares his latest sports wagers and their results on his X account, is yet to provide an update on this trade. Why It Matters: Tesla shares have been increasingly under pressure owing to Musk's political activities in recent months, with analyst Dan Ives of Wedbush Securities saying that his stint in the White House may have hurt the brand. Musk's recent fallout with President Donald Trump made things worse for his companies, with the latter threatening to terminate billions in government contracts. According to a survey of Benzinga readers, 71% believe that Tesla's shares will fall over the next 12 months, owing to Musk's renewed political push. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image via Shutterstock This article Dave Portnoy's $10 Million Elon Musk Bet Pays Off As Tesla Soars 12% In Two Weeks: 'That's A Million Bucks' originally appeared on
New York Post
20-07-2025
- Business
- New York Post
Dave Portnoy calls out ‘morons' who think WNBA players shouldn't get more money
Dave Portnoy is fed up with those who believe WNBA players don't deserve a higher payday. In the wake of players wearing warmup shirts that said 'Pay Us What You Owe Us' at Saturday's All-Star Game, the Barstool Sports founder and owner made his stance clear with a lengthy post and subsequent video on X on Sunday. 'I don't know how anybody in the world with a brain, and maybe my brain is just bigger than most, can rationally say women don't deserve more money at this point,' Portnoy said in the video. Portnoy went on to reference how Caitlin Clark's rookie salary, $76,000, is less than what Barstool personalities Nicky Smokes and Ben Mintz make per year, calling the disparity 'insane.' As of the 2024 season, the WNBA's average salary was $147,745, according to DirecTV. Portnoy noted how some WNBA critics have referenced reports of the league losing tens of millions of dollars each year, but said the finances of the league are 'a mess, tied in with the NBA and purposely murky.' 3 Barstool Sports founder and owner Dave Portnoy thinks WNBA players deserve a pay raise. @stoolpresidente/X In October 2024, The Post reported the WNBA would be losing $40 million in the 2025 season. But, as Portnoy put it, the league is 'exploding.' 'Franchise values are exploding. Ticket sales, merch, tv rights all exploding. The players have an opt out in their CBA. Of course they took it. It's all about leverage in re-negotiations and for the 1st time in history of [the] league players have power,' Portnoy wrote. 3 Dave Portnoy attends a game between the Indiana Fever and the Connecticut Sun at TD Garden on July 15. NBAE via Getty Images The league agreed to an 11-year, $2.2 billion TV rights deal with Disney, Amazon Prime Video and NBCUniversal last summer, and TV ratings (up 23%), ticket sales (up 26%) and attendance (13%) are all surging halfway through the season, according to NPR. 'The players make virtually nothing while the entire league explodes,' Portnoy added. 'Of course they deserve more money.' Portnoy, who is one of Caitlin Clark's most vocal superfans, also refuted the notion that the league's recent success is unsustainable because it over-relies on Clark's star power. 'This league is so white hot right now, and I know everyone's going to say, 'Well, it's only Caitlin Clark, it's a one-person league,'' Portnoy said. 'Caitlin Clark was 100% the match that lit the fuse…but, Caitlin's not going anywhere. She's year two of a 15-year career.' 3 Fever star Caitlin Clark wearing a 'Pay Us What You Owe Us' shirt before the WNBA All-Star Game on July 19. Getty Images He added that other young stars like Angel Reese, Paige Bueckers and the soon-to-be pro JuJu Watkins mark a bright future for the league, too. Portnoy concluded by writing that if he could purchase a Boston-based WNBA franchise for $250 million, he 'would do it without blinking.' 'That's all you got to know about the WNBA finances,' he added.
