Dave Portnoy considers moving Barstool Sports over Mamdani win — 'hate the guy'

Dave Portnoy, founder of Barstool Sports, is considering relocating his company out of New York City due to his strong disapproval of newly elected mayor Eric Adams. Portnoy expressed his disdain for Adams, labeling him a "communist" and a "thirty-something-year-old communist running New York City, has never had a job in his life, hates America." He stated that he has given considerable thought to closing the New York office and potentially moving to New Jersey, such as Hoboken or Jersey City, to avoid having his business operations impacted by Adams' leadership. Portnoy believes Adams' political ideology is fundamentally opposed to his own capitalist values, particularly Adams' proposals for wealth redistribution and higher taxes on the wealthy. Portnoy's criticism stems from his belief that Adams misrepresents the people of New York and that his policies are detrimental to success and hard work, which Portnoy advocates for. He views Adams as an antagonist who is out of touch with the American ethos and believes that wanting to be successful and rich is a positive quality, whereas Adams allegedly sees it as making someone evil. Portnoy stated he instructed his finance department to explore property options elsewhere, indicating a serious consideration of this move, though he acknowledged the difficulty of uprooting employees. Adams, a self-described democratic socialist, won the mayoral election, becoming the city's first Muslim and first Asian American mayor. Despite Republican accusations of communism, Adams identifies... download the app to read more