How much did Cornerstone buy Mueller for?
Dave Portnoy famously bought back Barstool Sports from Penn Entertainment for the nominal sum of exactly 1 US dollar, a transaction triggered when Penn struck a massive multi-billion-dollar partnership deal with ESPN to launch ESPN Bet. Years prior, Penn Entertainment had acquired Barstool Sports in stages for approximately 500 million total US dollars. However, as regulatory hurdles and corporate broadcasting restrictions complicated Penn's integration of the sports media brand, Penn unloaded Barstool back to Portnoy for a single dollar under specific non-compete clauses and stipulations requiring Barstool to share 50 percent of gross proceeds if Portnoy ever sells the company again.
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