Per David Portnoy, Barstool Sports will bid on naming rights for Bills stadium

[KennyDavisEyes]

2 minutes ago, JoPoy88 said:

 

Is Portnoy still not the most visible face of the company, as its founder? Whenever Barstool makes the wider news, is it not Portnoy who’s quoted in those stories?

 

”tokenism” as i used it doesn’t mean I think Nardini is incompetent or unqualified. Not at all. I do think there were strategic motives beyond just her business acumen that Portnoy definitely considered.

Does it get tiring constantly turning other ppl into victims?

[blacklabel]

Seeing Dave's last name reminds me of the esteemed comedic genius Jeff Portnoy, known for classic films such as "The Fatties" and "The Fatties Part Two." 

[LabattBlue]

Another PR ploy much like the bidet maker. 
 

Don’t have anywhere near the advertising budget to afford this!

[JoshAllenHasBigHands]

11 minutes ago, JoPoy88 said:

 

Is Portnoy still not the most visible face of the company, as its founder? Whenever Barstool makes the wider news, is it not Portnoy who’s quoted in those stories?

 

”tokenism” as i used it doesn’t mean I think Nardini is incompetent or unqualified. Not at all. I do think there were strategic motives beyond just her business acumen that Portnoy definitely considered.

 

This is what I mean by "not paying attention."  Something like 3.5 million people a week listen to just two Barstool podcasts. Those 3.5 million people will never hear Portnoy's voice, nor will they hear his name mentioned (with minor exceptions). If you include Barstool's dozens of other offerings, that number may well jump to 4.5 - 5 million people. 

 

Sure, the media focuses on Portnoy, as he is a lighting rod and the founder of Barstool. But Portnoy = Barstool only to the media and the people who don't consume the product. 

 

I guess I will never know their motives. Maybe it was because she was a woman. But reducing her remarkable accomplishments to the reasons she was hired is not good. 

[JoPoy88]

2 minutes ago, JoshAllenHasBigHands said:

 

This is what I mean by "not paying attention."  Something like 3.5 million people a week listen to just two Barstool podcasts. Those 3.5 million people will never hear Portnoy's voice, nor will they hear his name mentioned (with minor exceptions). If you include Barstool's dozens of other offerings, that number may well jump to 4.5 - 5 million people. 

 

Sure, the media focuses on Portnoy, as he is a lighting rod and the founder of Barstool. But Portnoy = Barstool only to the media and the people who don't consume the product. 

 

I guess I will never know their motives. Maybe it was because she was a woman. But reducing her remarkable accomplishments to the reasons she was hired is not good. 

i get all that, and would just add this: she’s CEO. The tippy-top. I wish we would hear more from her and not so much from him. But if her role is backroom business deals and that’s it then I guess that’s fine. I am not supporting barstool either way and they’ll never get their name on that stadium anyways so I suppose we’re spinning wheels here.

[JoshAllenHasBigHands]

1 minute ago, JoPoy88 said:

i get all that, and would just add this: she’s CEO. The tippy-top. I wish we would hear more from her and not so much from him. But if her role is backroom business deals and that’s it then I guess that’s fine. I am not supporting barstool either way and they’ll never get their name on that stadium anyways so I suppose we’re spinning wheels here.

 

She is wayyyy more popular in Barstool circles than most think.  The news and those that criticize Barstool just don't like to quote her. 

[Teddy KGB]

5 hours ago, GunnerBill said:

Who?

Pizza review guy.       UK shows him no love ? 

[RyanC883]

7 hours ago, Johnnycage46 said:

So, if Erie County owns the Bills' stadium...do the Bills have zero say in the naming rights?  So, for instance, as outrageous as it would be, if some company bid to name the stadium "Tom Brady" stadium...and for whatever reason, Erie County approved it, the Bills would just be stuck with that name?  

 

Again, ridiculous scenario, but I imagine there is a potential for a stadium name that the Bills organization would not like...

 

I think the County has veto rights, but cannot force a name on the stadium. 

[YoloinOhio]

 

[Orlando Tim]

I find it funny that the people on here are calling the CEO of a company that makes about $100 million a "token". I assume all of you insinuating anything about her do not know anyone who runs companies that are that successful.

[JoPoy88]

1 hour ago, Buffalo Timmy said:

I find it funny that the people on here are calling the CEO of a company that makes about $100 million a "token". I assume all of you insinuating anything about her do not know anyone who runs companies that are that successful.

Again you didn’t read my subsequent replies to understand what i meant by that but I’ll just say this - erika nardini getting hired a whole four years ago doesn’t wipe out barstool’s entire past. I get it, people like them. Including athletes like Eric Wood up there. I don’t mind if they make a serious bid for the naming rights, and it isn’t like I am going to boycott if by some miracle they win them. But barstool has said and done some pretty nasty things to many people in the past. If you’re okay with it cool.

[MJS]

I'm not a fan of barstool, personally. So I hope some other company pops up.

[JoPoy88]

2 minutes ago, MJS said:

I'm not a fan of barstool, personally. So I hope some other company pops up.

i’ve heard rumors today key bank is looking to snag the stadium rights; they already have the arena so here’s hoping ? 

[Mango]

4 hours ago, LabattBlue said:

Another PR ploy much like the bidet maker. 
 

Don’t have anywhere near the advertising budget to afford this!

Im not a huge Portnoy fan, but they were just valued at nearly a half a Billion dollars. All they do is advertise. Their content is just advertisement. They have the $5 mil. 

[Mango]

5 hours ago, JoPoy88 said:

 

Is Portnoy still not the most visible face of the company, as its founder? Whenever Barstool makes the wider news, is it not Portnoy who’s quoted in those stories?

 

”tokenism” as i used it doesn’t mean I think Nardini is incompetent or unqualified. Not at all. I do think there were strategic motives beyond just her business acumen that Portnoy definitely considered.

 

4 hours ago, JoshAllenHasBigHands said:

 

This is what I mean by "not paying attention."  Something like 3.5 million people a week listen to just two Barstool podcasts. Those 3.5 million people will never hear Portnoy's voice, nor will they hear his name mentioned (with minor exceptions). If you include Barstool's dozens of other offerings, that number may well jump to 4.5 - 5 million people. 

 

Sure, the media focuses on Portnoy, as he is a lighting rod and the founder of Barstool. But Portnoy = Barstool only to the media and the people who don't consume the product. 

 

I guess I will never know their motives. Maybe it was because she was a woman. But reducing her remarkable accomplishments to the reasons she was hired is not good. 

Let me start by saying Portnoy is a frat bro prick. Barstool is a weird case study. I think you’re both close. Portnoy is most definitely Barstool. I don’t think you can argue that. He puts all those pieces in place. He identifies and brings in talent. I think it’s important to acknowledge that. His current title is chief of content. I think he has his hands all over everything. Barstool is his baby. It would sort of be like if you said Howard Stern had nothing to do with Bubba the love sponge years back. Or Dave Thomas. Howard identified them and chose them to provide content on his channel. Does he “manage” their shows, maybe some mild oversite and listens a lot. Steps in when needed. But largely not. But they still fall under his brand. He still gets them their paycheck because he chose them to do that specific job. Barstool is gigantic, so I don’t think they’d fail by any means, but cutting Portnoy would be cutting of your nose to spite your face. Terrible idea and would be tough to fully recover from.  
 

Regarding  Nardini. Cherin absolutely knew when they bought controlling shares for barstool that they needed somebody to control the barn if they were going to increase their valuation from the $15M. They also knew that Portnoy and Co. at the time had a history of misogyny. It’s not a coincidence they hired a woman. She’s also done a tremendous job. In some ways, barstool has gotten a little softer. Portnoy is still the ring leader of the wack pack that he created. And Nardini has recently increased the valuation of barstool from $15M to $450M. 
 

Worth noting that between Nardini, Portnoy, and other employees, they actually only own a combined 28% of the company. 

[JoPoy88]

10 minutes ago, Mango said:

 

Let me start by saying Portnoy is a frat bro prick.
 

Regarding  Nardini. Cherin absolutely knew when they bought controlling shares for barstool that they needed somebody to control the barn if they were going to increase their valuation from the $15M. They also knew that Portnoy and Co. at the time had a history of misogyny. It’s not a coincidence they hired a woman. She’s also done a tremendous job. In some ways, barstool has gotten a little softer. Portnoy is still the ring leader of the wack pack that he created. And Nardini has recently increased the valuation of barstool from $15M to $450M. 
 

 

thank you. That’s all I was trying to say regarding Nardini, albeit in an inelegant way. But you spelled it out clearly ? 

[Mango]

Just now, JoPoy88 said:

thank you. That’s all I was trying to say regarding Nardini, albeit in an inelegant way. But you spelled it out clearly ? 

Bad choice of words I think. She is much more than a token. It took 13 years to get to barstool to a 15M valuation with Dave at the helm. It took Nardini 3 years to grow 30x. And most likely would not have become a bit softer on women with woman specific content if not for her and Cherin. 
 

I would argue that today’s Barstool is closer to Dave’s image than it was 10 years ago. The rest is just press and marketing so that he can push gambling. He’s pretty open about that being the whole reason he started the thing. Now with sports betting crossing state lines, he can bring everything back to that. I wouldn’t be shocked if he started sponsoring a weekend of racing in Saratoga (or wherever) rather than just showing up to spend money. Traverse Weekend by Barstool. And the entire thing is just content pushing online gambling, hard seltzer, whatever. Maybe some premium paid content where he runs through his next days picks. Especially given the loss of revenue from Covid for cities not allowing people at the track. Somebody might bite next year. 

[KollegeStudnet]

One bite you know the rules park

[jimmy10]

Chowderhead attention ***** whores for attention. Film at 11:00. 

[JoshAllenHasBigHands]

9 hours ago, Mango said:

 

Let me start by saying Portnoy is a frat bro prick. Barstool is a weird case study. I think you’re both close. Portnoy is most definitely Barstool. I don’t think you can argue that. He puts all those pieces in place. He identifies and brings in talent. I think it’s important to acknowledge that. His current title is chief of content. I think he has his hands all over everything. Barstool is his baby. It would sort of be like if you said Howard Stern had nothing to do with Bubba the love sponge years back. Or Dave Thomas. Howard identified them and chose them to provide content on his channel. Does he “manage” their shows, maybe some mild oversite and listens a lot. Steps in when needed. But largely not. But they still fall under his brand. He still gets them their paycheck because he chose them to do that specific job. Barstool is gigantic, so I don’t think they’d fail by any means, but cutting Portnoy would be cutting of your nose to spite your face. Terrible idea and would be tough to fully recover from.  
 

Regarding  Nardini. Cherin absolutely knew when they bought controlling shares for barstool that they needed somebody to control the barn if they were going to increase their valuation from the $15M. They also knew that Portnoy and Co. at the time had a history of misogyny. It’s not a coincidence they hired a woman. She’s also done a tremendous job. In some ways, barstool has gotten a little softer. Portnoy is still the ring leader of the wack pack that he created. And Nardini has recently increased the valuation of barstool from $15M to $450M. 
 

Worth noting that between Nardini, Portnoy, and other employees, they actually only own a combined 28% of the company. 

 

I don't really know the Howard Stern example. You may be right. But I can say that the bolded are not true. Portnoy doesn't listen to any of the podcasts, nor does he oversee them. 

 

Importantly, their two biggest shows--PMT and Call Her Daddy--are totally independent form Portnoy. Big Cat has an ownership interest in Barstool, and if Portnoy told him to do something different, he wouldn't. That is less true for Call Her Daddy, which just had a pretty major contract dispute. But outside of the contract negotiations, Portnoy does not affect their content. Portnoy is involved in a bunch of their other offerings, but those aren't what make Barstool so popular.  This is why I say Barstool =/= Portnoy. Take away those two shows and Barstool is a shadow of what it is today. 

 

 

[switz1610]

 

[Mr. WEO]

Portnoy would be the ass to the bidet.

 

Anyway, I'm sure Pegula has figured out this crew doesn't have the money for a multiyear deal.

 

Next...

[Kirby Jackson]

24 minutes ago, Mr. WEO said:

Portnoy would be the ass to the bidet.

 

Anyway, I'm sure Pegula has figured out this crew doesn't have the money for a multiyear deal.

 

Next...

They just sold to Penn National for $450M. I thought you were normally on top of this kind of stuff?

[Mr. WEO]

12 hours ago, Kirby Jackson said:

They just sold to Penn National for $450M. I thought you were normally on top of this kind of stuff?

 

Yes and as I pointed out earlier, a company with 1 billion in annual revenue couldn't afford the annual nut on their stadium naming rights---almost from the get go, it appears.

 

The recent purchase price of a company is not an indication of how much cash on hand that new owner of the company has..

[Kirby Jackson]

39 minutes ago, Mr. WEO said:

 

Yes and as I pointed out earlier, a company with 1 billion in annual revenue couldn't afford the annual nut on their stadium naming rights---almost from the get go, it appears.

 

The recent purchase price of a company is not an indication of how much cash on hand that new owner of the company has..

The New Era deal paid the Bills roughly $5M annually. With Barstool being owned by a sports gambling operation it make TOTAL sense that they’d be interested in a naming rights deal (or at least the exposure of trying).
 

Penn National has a market cap of 7.65B. For what it’s worth the first part of the barstool purchase was 36% for $163M in cash and stock. This deal likely doesn’t happen but it isn’t because they couldn’t afford it. $5M a year for the rest of the lease is a bargain for a sports gaming company looking to grow. It’s actually one of the few situations in the world where naming rights might end up beneficial. 

[Mr. WEO]

1 minute ago, Kirby Jackson said:

The New Era deal paid the Bills roughly $5M annually. With Barstool being owned by a sports gambling operation it make TOTAL sense that they’d be interested in a naming rights deal (or at least the exposure of trying).
 

Penn National has a market cap of 7.65B. For what it’s worth the first part of the barstool purchase was 36% for $163M in cash and stock. This deal likely doesn’t happen but it isn’t because they couldn’t afford it. $5M a year for the rest of the lease is a bargain for a sports gaming company looking to grow. It’s actually one of the few situations in the world where naming rights might end up beneficial. 

 

 

I don't doubt why they would want to purchase high profile naming rights.  But Penn National, a casino group is the not the majority owner of Barstool and they would not be paying the Pegulas for the rights.  Due to COVID, they are selling assets to generate cash.  They just posted a 77% Q3 year over year revenue drop.

 

Anyway, Penn National would get little benefit from "Barstool Stadium", given its core business. They are Barstool investor that few have ever heard of.

 

  

 

 

[Kirby Jackson]

5 minutes ago, Mr. WEO said:

 

 

I don't doubt why they would want to purchase high profile naming rights.  But Penn National, a casino group is the not the majority owner of Barstool and they would not be paying the Pegulas for the rights.  Due to COVID, they are selling assets to generate cash.  They just posted a 77% Q3 year over year revenue drop.

 

Anyway, Penn National would get little benefit from "Barstool Stadium", given its core business. They are Barstool investor that few have ever heard of.

 

  

 

 

Penn National will have 1/2 of Barstool in 3 years as per the agreement and the right to buy controlling ownership at that time. I believe that this wouldn’t be a rogue Barstool investment. Penn National would be tied in. They are the part that really stands to benefit from the exposure. I don’t know exactly what it would look like but suspect they are working on it. Also saw yesterday that Portnoy is moving to Philly to be more involved on the Penn National end of things. 

[Mango]

5 hours ago, Mr. WEO said:

 

Yes and as I pointed out earlier, a company with 1 billion in annual revenue couldn't afford the annual nut on their stadium naming rights---almost from the get go, it appears.

 

The recent purchase price of a company is not an indication of how much cash on hand that new owner of the company has..

I think you’re giving New Era too much credit here. They took millions from the county to keep jobs in Buffalo. Then still cut 100+. Poloncarz publicly requested them to remove their name. Then negotiations started and the name was removed. They’ve been pretty bad stewards for the city recently. 
 

If you believe this is about them not having the money to honor the rest of the existing contract, then I have a bridge in Brooklyn to sell you. The community and New Era are parting ways. 

[Mr. WEO]

1 hour ago, Mango said:

I think you’re giving New Era too much credit here. They took millions from the county to keep jobs in Buffalo. Then still cut 100+. Poloncarz publicly requested them to remove their name. Then negotiations started and the name was removed. They’ve been pretty bad stewards for the city recently. 
 

If you believe this is about them not having the money to honor the rest of the existing contract, then I have a bridge in Brooklyn to sell you. The community and New Era are parting ways. 

 

Poloncranz () could do all the requesting he wanted--the deal was between the Bills and New Era only.   New Era took 5-10 million form the fed in PPP.

 

The Bills were involved in restructuring the payment deal over a year ago and well before any COVID impact on New Era.  This is exactly about New Era's difficulty paying the annula amount.

 

https://buffalonews.com/news/new-era-name-to-be-dropped-from-bills-stadium/article_d2117992-c6c6-11ea-9ea8-0fada25c9c73.html

[Mr. WEO]

6 hours ago, Kirby Jackson said:

Penn National will have 1/2 of Barstool in 3 years as per the agreement and the right to buy controlling ownership at that time. I believe that this wouldn’t be a rogue Barstool investment. Penn National would be tied in. They are the part that really stands to benefit from the exposure. I don’t know exactly what it would look like but suspect they are working on it. Also saw yesterday that Portnoy is moving to Philly to be more involved on the Penn National end of things. 

 

Unless the labeling is "Penn National Stadium", no one will make the connection in a way that will boost their core business of casinos (plummeting).

 

Anyway, I just don't see Pegulas (especiallY Kim Pegula) wanting Barstool as their home brand.

[Mango]

1 hour ago, Mr. WEO said:

 

Poloncranz () could do all the requesting he wanted--the deal was between the Bills and New Era only.   New Era took 5-10 million form the fed in PPP.

 

The Bills were involved in restructuring the payment deal over a year ago and well before any COVID impact on New Era.  This is exactly about New Era's difficulty paying the annula amount.

 

https://buffalonews.com/news/new-era-name-to-be-dropped-from-bills-stadium/article_d2117992-c6c6-11ea-9ea8-0fada25c9c73.html

Oh, please. Koch even says in the article, “We don’t do naming rights deals”. He credits the only reason for doing it is his relationship with Terry. The author also credits New Era paying for naming rights for keeping the Bills in Buffalo. Which is wild,  Ralph didn’t name it after himself because he had to, he just wanted to. Also at $4M per year, it’s half the league average. 

[Doc]

4 minutes ago, Mango said:

Oh, please. Koch even says in the article, “We don’t do naming rights deals”. He credits the only reason for doing it is his relationship with Terry. The author also credits New Era paying for naming rights for keeping the Bills in Buffalo. Which is wild,  Ralph didn’t name it after himself because he had to, he just wanted to. Also at $4M per year, it’s half the league average. 

 

You're kdding, right?  LOL!

[Mango]

52 minutes ago, Doc said:

 

You're kdding, right?  LOL!

“That moment was five years in the making, dating back to when the Bills and Erie County were working out a new stadium lease and the team’s founder, Ralph Wilson Jr., was still alive and owned the team. Russ Brandon, then the president of the Bills, asked Koch if he someday would be willing to put New Era’s name on the stadium, which bore Wilson’s name and was often called "The Ralph." Koch told Brandon he would be open to talking about it.
 

The question – exploratory as it was at the time – was part of a plan aimed at keeping the team in Buffalo after Wilson’s death. Making the lucrative naming rights available would be attractive to a new owner.“

 

My statement was a bit hyperbolic. But yes. The author implies that naming the stadium “New Era” took 5 years. And that naming the stadium at 50% of the going rate for NFL stadiums (or $4M per year) was going to help somebody decide weather or not to make a $1B investment. 
 

Anyways. New Era has been slashing their overhead for years. Moving almost their entire supply chain to China. Increasing profit margins. Miami is only open to make theMLB hats, which are contractually obligated to be produced in the US. 
 

New Era could definitely afford to honor the duration of the contract. They just don’t want to. There is a very significant difference between the two. 

 

[Mr. WEO]

1 hour ago, Mango said:

Oh, please. Koch even says in the article, “We don’t do naming rights deals”. He credits the only reason for doing it is his relationship with Terry. The author also credits New Era paying for naming rights for keeping the Bills in Buffalo. Which is wild,  Ralph didn’t name it after himself because he had to, he just wanted to. Also at $4M per year, it’s half the league average. 

You said the deal ending didn’t have anything to with ability to pay the fee—that it had something to do with the Erie County government.  The article proves you wrong.  
 

Also,  Erie didn’t give New Era millions.

 

Also, the naming deal came 2 years after Pegula bought the team.  The couple million it brought is/was unlikely to be what keeps/kept the Bills in Buffalo (their onerous lease is what kept them and would have outlasted the rights deal anyway).

 

To reiterate, the deal fell apart only because, despite both sides trying to figure out some payment plan, New Era couldn’t afford it.  Nothing to do with the county or it executive.

What were saying about a Brooklyn Bridge...?

 

[Kirby Jackson]

2 hours ago, Mr. WEO said:

 

Unless the labeling is "Penn National Stadium", no one will make the connection in a way that will boost their core business of casinos (plummeting).

 

Anyway, I just don't see Pegulas (especiallY Kim Pegula) wanting Barstool as their home brand.

I think that the Pegulas will be open to anyone offering $5M a year. I’m not sure the county will let that happen though as they have “veto rights.” 

[Mr. WEO]

2 minutes ago, Kirby Jackson said:

I think that the Pegulas will be open to anyone offering $5M a year. I’m not sure the county will let that happen though as they have “veto rights.” 

 

The names that the County can object to are on a very specific list as per the lease.  They "shall not unreasoanbly cause embarrassment to the county" (such as names containing slang, barbarisms or profanity, names that can be construed to encourage th use of beer or other alcoholic beverages by minors or the use of tobacco by persons of any age; or names that relate to illicit drugs or any sexually oriented business or enterprise)".

 

Futher, the County approval of the name "shall not be unreasonably withheld and excepting the names which the County and ECSC have previously consented as set forth in (the above quoted section)".

 

So the County has extremely narrow "veto rights" here.  There is no chance that Pegula would accept rights from a group that would violate that quoted section anyway.  "Barstool" is veto proof per the language of the lease.

 

 

[Kirby Jackson]

6 minutes ago, Mr. WEO said:

 

The names that the County can object to are on a very specific list as per the lease.  They "shall not unreasoanbly cause embarrassment to the county" (such as names containing slang, barbarisms or profanity, names that can be construed to encourage th use of beer or other alcoholic beverages by minors or the use of tobacco by persons of any age; or names that relate to illicit drugs or any sexually oriented business or enterprise)".

 

Futher, the County approval of the name "shall not be unreasonably withheld and excepting the names which the County and ECSC have previously consented as set forth in (the above quoted section)".

 

So the County has extremely narrow "veto rights" here.  There is no chance that Pegula would accept rights from a group that would violate that quoted section anyway.  "Barstool" is veto proof per the language of the lease.

 

 

Thanks I didn’t realize that. IMO, that makes them a lot more viable. I guess Goodell could step in but if the county can’t veto that it’s a possibility. 

[Mr. WEO]

2 minutes ago, Kirby Jackson said:

Thanks I didn’t realize that. IMO, that makes them a lot more viable. I guess Goodell could step in but if the county can’t veto that it’s a possibility. 

 

 

Given the public persona of Barstool, I would find it incongruous for Kim Pegula to get onboard with that D-bag as the label of their home.

Edited August 23, 2020 by Mr. WEO

[Mango]

10 minutes ago, Mr. WEO said:

You said the deal ending didn’t have anything to with ability to pay the fee—that it had something to do with the Erie County government.  The article proves you wrong.  
 

Also,  Erie didn’t give New Era millions.

 

Also, the naming deal came 2 years after Pegula bought the team.  The couple million it brought is/was unlikely to be what keeps/kept the Bills in Buffalo (their onerous lease is what kept them and would have outlasted the rights deal anyway).

 

To reiterate, the deal fell apart only because, despite both sides trying to figure out some payment plan, New Era couldn’t afford it.  Nothing to do with the county or it executive.

What were saying about a Brooklyn Bridge...?

 

Sorry, never meant to imply that Mark Poloncarz was responsible for the move. Rather painting the whole picture that New Era has been pulling out of Buffalo for years, and the local GOV is not happy about it. 
 

Local governments have been giving tax breaks to New Era for decades. Hence the millions of dollars. 
 

The naming rights quote I referenced was from the article you gave me. It was a stupid take and inherently incorrect. We agree here. Haha! 
 

The article doesn’t say they couldn’t afford it. It actually says they came together to figure out how to get out of the deal, not to try and make it work, but couldn’t. That’s important.

 

“The two organizations issued a joint statement Wednesday confirming that New Era had sought to get out of the naming rights and sponsorship deals with the Bills: "The Bills and New Era are currently negotiating the details of this separation and the Bills are beginning the process of pursuing a new naming rights partner for the stadium."”

  
 

The article is trying to use the laying off people and closed a plant two years ago as financial issues. I’m positing these moves were always part of the plan and that they haven’t been hurting since 2018. They’ve actually been profiting more due to slashing overhead and moving the supply chain to China. They didn’t do that because it was noble and more expensive. They did it to increase GP. Lots of large companies are trimming huge amounts of fat 20-30% at the moment and blaming the pandemic, but a lot of them are just using it as an excuse to do it all at once, rather than have to tell the state first and do it gradually. 
 

 

[BananaSquad]

I’m shocked how many people here are against it. Bills mafia and barstool together would be ridiculous and amazing to be a part of.