Dave Portnoy claims he will put $1MILLION on Michigan to beat Alabama in controversial College Football Playoff semi-final (six days after claiming he had given up betting after losing ‘monster’ wager on the Bills-Eagles game)
- The 46-year-old businessman added before the match: 'that's how confident he is'
- His father, Michael, once admitted that his son had “gambling problems” in 2019
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Dave Portnoy has claimed he will gamble $1 million on Michigan to beat Alabama in the controversial College Football Playoff semifinal, six days after claiming he had given up betting after losing 'monster wages' in the Bills- Eagles game.
The CEO of Barstool Sports made the claim in a tweet on Sunday, adding, “that's how confident” he is.
Portnoy, 46, is a graduate of the University of Michigan, so there is little doubt as to why he would pour so much money into his alma matter's football team.
Last week, he faced massive backlash for putting his company's reality TV show behind a paywall.
He responded to critics by calling an “emergency press conference,” in which he sensationally criticized “poop people” who refuse to pay the $9.99 PPV fee.
Dave Portnoy once lost $30,000 by gambling it all, according to a 2022 New York Times article
That hasn't stopped the CEO of Barstool Sports from spending $1 million on his alma business
The Michigan Wolverines will meet in Alabama on New Year's Day in the CFB semifinals
What's more is that on the last day of November, he revealed the reason behind his divorce from ex-girlfriend and model Silvana Mojica, 28. The couple dated for about three years.
Portnoy promised to stop gambling after betting âbigâ on Buffalo to beat Philadelphia, but the opposite happened: the Eagles won that game in overtime.
Earlier last month, the businessman threatened to sue the Bengals for downing more than $120,000 following their loss to the Ravens in which QB Joe Burrow suffered an injury.
Portnoy, 46, posed with his ex-girlfriend Silvana Mojica at a Miami Hurricanes game last year
According to The New York TimesPortnoy once went bankrupt in 2004 after losing $30,000 gambling, having $59,000 in credit card debt and owing his father, a lawyer, $18,000.
Barstool Sports' former parent company, Penn Entertainment, denied those claimsat the time the story was released.
Portnoy's father, Michael, once said, “Anyone who says my son is exaggerating his gambling problems, I wish that was him.” He's not.'
Portnoy previously promised to stop betting on sports matches in 2019.