Barstool Sports founder Dave Portnoy broke his silence after investors speculated that his leaked sex tape caused shares of Penn National Gaming to drop — and he couldn't seem less fazed about his "third" (yes, third!) sex tape being released.
As explained in Portnoy's Twitter bio, he owns "a ton of Penn Stock" after he fostered a partnership with Penn, who purchased a 36 percent stake in the media company Barstool last January for about $163 million. Under the terms of their deal, which values Barstool at around $450 million, Penn will eventually increase its stake to 50 percent for another $62 million.
The social media personality spoke out about the scandalous video on Tuesday, April 6, explaining that there is nothing wrong with the dated video besides the fact that it was distributed illegally.
He added that the correlation in stock movement due to his sex tape seems illogical, but said the dip in the stock is a good opportunity for investors to buy in.
“Somebody committing a crime by leaking an old video of sex between two consenting adults seems like a dumb reason for a stock to go down,” he told FOX Business. "As far as I know, nobody would exist on Earth without intercourse. And anybody who shared or watched it committed a federal crime.
"It was never meant for public consumption," he added, before noting: "Either way, it presented a good buying opportunity in my mind."
Portnoy also took to Twitter on Tuesday, April 6, to comment on the stock market situation. In the one-minute clip — which included him dropping the f-bomb over six times — Portnoy slammed the assumption that the drop in stock was his fault, adding that it wasn't a big deal that he had sex on camera.
"Guess what, another sex tape that people are sending around. I've known this one, a guy showed it to me a year ago. Penn stock is down because there's a f**king sex tape of me?" he sarcastically questioned. "Hey, news flash: this is the third f**king one. I used to sling it, I've gotten better. What are you gonna do? It's the internet. So I have sex. People f**king know that. Yeah, it's a little f**king weird and kinky. Whatever."
While explaining the kinky video, Portnoy said it's important to spice sex up. "You can't be boring," he insisted.
"More importantly, a stock is down because somebody has consensual sex. Are you f**king kidding me? I would jump on this dip, and I would f**k it," he continued of the current dip in Penn stock. "No pun intended, I would f**k it. 'Oh Dave Portnoy f**ks,'" he said, mocking the public's shock at his most recent sex tape. "News flash, it's my third f**king tape, I don't f**king care."
Portnoy joked that he'll make an OnlyFans account at this point and probably garner more revenue from his account than his investment in Penn.
The Barstool king concluded his rant by encouraging investors to turn the situation into a positive opportunity and "buy the dip."
On Tuesday, Penn's stock trading session ended down 2.57 percent at $104.09 a share.