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Dave Portnoy is once again the owner of Barstool Sports. Penn Entertainment announced Tuesday that it is divesting the company back to Portnoy, who founded Barstool in 2003.

New yorkUnited statesAlexander haigDave portnoyTom briglia gettyNew york timesNowx emergency press conferenceEmergency press conferenceChernin groupBarstool sportsCrow bloodstockPenn entertainmentPress conferenceBought back barstoolTom brigliaGetty images