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While many governors and legislatures have been busy implementing and extending the lockdowns that have devastated small businesses, Barstool Sports founder Dave Portnoy is providing much needed help.
The Barstool Fund, created by Portnoy to help small businesses in need, has raised more than $ 16 million as of December 31.
Earlier in December, Portnoy launched the fund with a contribution of $ 500,000 of his own money. Since then, the relief fund has grown considerably.
“Once you’re in our program, we’ll pay for everything you need, the necessities you need, the money you need to get through this thing and give you a fair chance to run your business.” , said Portnoy. “These people don’t go bankrupt because they don’t succeed or make money, it’s because they have no other choice. They got a hand that no one could play.
Since the inception of the fund, Portnoy has given regular updates on the companies that the fund helps.
The next restaurant we’re helping… .Mama Mia 44SW. #barstoolfund
Click to donate. The more money we get, the more we can help people like Connie. https://t.co/2hl9Fcpvpt pic.twitter.com/lGSHSuuSSN
– Dave Portnoy (@stoolpresidente) December 22, 2020
In the case of “Mama Mia”, the Barstool Fund was able to save a family restaurant at a very special time.
Here’s Connie getting the call that the business her family started 50 years ago will survive the lockdown. #barstoolfund https://t.co/2hl9Fcpvpt pic.twitter.com/iK8u9edCiM
– Dave Portnoy (@stoolpresidente) December 22, 2020
Portnoy launched the fund in early December, shortly after New York Governor Andrew Cuomo temporarily banned indoor dining at New York City restaurants, a move Portnoy called “folly.”
Companies wishing to obtain assistance can send submissions to [email protected].
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