Barstool Sports Founder Dave Portnoy Breaks Nantucket Real Estate Record With $42M Compound Purchase Amid Company Struggles

Barstool Sports founder Dave Portnoy bought a $42M Nantucket compound, breaking the island's real estate record.

The 1.2 acre property has a main house, guest house, studio, pool and underground tunnel.

Portnoy regained full control of Barstool Sports in August after selling it 2 years prior for $550M.

He has since announced layoffs at Barstool, saying the company is "losing a lot."

The purchase comes as Portnoy tries to rebuild Barstool after issues with former owner Penn Entertainment.