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Barstool Sports founder\u00a0<\/p>\n
During a recent YouTube livestream, Portnoy, 48, said Mamdani\u2019s victory made him seriously consider relocating Barstool\u2019s headquarters to\u00a0Hoboken or Jersey City<\/strong>. \u201cI hate the guy,\u201d Portnoy said. \u201cThirty-something-year-old Communist running New York City who\u2019s never had a job in his life, hates America \u2014 doesn\u2019t seem like the best.\u201d Though he admitted that moving the office would disrupt his employees\u2019 lives, he said he has already told Barstool\u2019s finance team to \u201cstart looking around for property.\u201d<\/p>\n Portnoy\u2019s frustration with Mamdani has been growing for months. Over the summer, he appeared on Fox Business warning that Mamdani \u201chates capitalism\u201d and is \u201ccloser to a Communist.\u201d After networks projected Mamdani\u2019s win over former Governor\u00a0Andrew Cuomo<\/strong>, Portnoy posted on X, \u201cThank God I don\u2019t live there anymore.\u201d Other business leaders echoed his alarm \u2014 including\u00a0Palantir CEO Alex Karp<\/strong>, who told CNBC the city is \u201cabout to have a complete disaster.\u201d<\/p>\n Mamdani, born in Uganda and raised on Manhattan\u2019s Upper West Side, ran on a progressive platform that includes\u00a0rent freezes, city-run grocery stores, and expanded public housing<\/strong>. Supporters see his victory as a historic shift toward affordability and equity, while critics fear it will drive employers out of the city. Portnoy says he\u2019s torn between taking \u201ca principled stand\u201d and sparing his New York employees from upheaval \u2014 but insists he \u201ccan\u2019t stand the thought\u201d of Mamdani running the city.<\/p>\n Barstool Sports founder Dave Portnoy is threatening to close the company\u2019s Manhattan office because of Zohran Mamdani\u2019s election, saying he hates the inexperienced, \u201cCommunist\u201d pol and warning that the mayor-elect will wreck the business climate.<\/p>\n Portnoy made the comments\u00a0during a YouTube livestream\u00a0last week, amid expectations Mamdani would defeat former Gov. Andrew Cuomo in the Nov. 4 election.<\/p>\n \u201cI hate the guy,\u201d Portnoy said of Mamdani. \u201cI can\u2019t stand the thought of him running New York City. I can\u2019t stand it.<\/p>\n \u201cThirty-something-year-old Communist running New York City who\u2019s never had a job in his life, hates America \u2014 doesn\u2019t seem like the best.\u201d<\/p>\n Portnoy, 48, weighed the pros and cons of getting out of Manhattan during Mamdani\u2019s reign.<\/p>\n \u201cHonestly, I\u2019ve given that a lot of thought \u2014 he\u2019s definitely going to win \u2014 going to Hoboken or Jersey City or something,\u201d Portnoy said.<\/p>\n \u201cI don\u2019t want to f\u2013king have an office [in Manhattan]. But then we have all those people who, like, that f\u2013ks up their life because I hate the guy. Like, all the people in the New York office have to go to Jersey City or \u2026 Hoboken. So it\u2019s a Catch-22.\u201d<\/p>\n Still, Portnoy indicated he\u2019s seriously weighing an exit.<\/p>\n \u201cA\u00a0part of me is like, how much will actually change? But I really have given it thought,\u201d he said. \u201cI told our finance guys to start looking around for property, no joke. Take a principled stand.\u201d<\/p>\n After networks projected Mamdani, 34, as the winner on Tuesday night, Portnoy\u00a0posted on X, \u201cThank god I don\u2019t live there anymore.\u201d<\/p>\n Portnoy\u2019s frustration with the new mayor has been building for months.<\/p>\n In a July appearance on Fox Business, he warned that Mamdani \u201chates capitalism\u201d and would \u201cblame the victims of 9\/11 rather than the terrorists.\u201d<\/p>\n \u201cIt\u2019s a very scary time,\u201d he said. \u201cI can\u2019t believe that this guy may be the mayor of New York City. He\u2019s closer to a Communist.\u201d<\/p>\n Barstool, which Portnoy founded in 2003 in Massachusetts, has maintained a major office in Manhattan even after relocating many of its operations to Chicago. The company was worth about $600 million as of 2023.<\/p>\n Mamdani, a New York state assemblyman who was born in Uganda and describes himself as a Democratic socialist, ran on a platform of rent freezes, city-run grocery stores and expanded public housing \u2014 measures that critics say will cripple investment and drive employers out.<\/p>\n His victory appeared to mark a stunning political shift for New York, where business leaders rallied behind Cuomo, who ran as an independent.<\/p>\n Pershing Square CEO Bill Ackman, who sparred with Mamdani on social media during the campaign, congratulated the mayor-elect on X.<\/p>\n \u201cNow you have a big responsibility,\u201d Ackman wrote. \u201cIf I can help NYC, just let me know what I can do.\u201d<\/p>\n The post\u00a0was panned by business moguls\u00a0\u2014 particularly in light of the hedge fund manager\u2019s considerable spending in hopes of knocking out Mamdani.<\/p>\n Kathryn Wylde, outgoing CEO of the Partnership for New York City, took Ackman to task for his flip-flopping. But she herself\u00a0struck a conciliatory tone\u00a0with Mamdani, saying her group looked forward to helping him \u201cachieve his affordability goals while keeping New York competitive as a destination for talent and a generator of jobs.\u201d<\/p>\n Other executives were more critical. Palantir CEO\u00a0Alex Karp told CNBC, \u201cWe\u2019re about to probably have a complete disaster. I was born in New York.\u201d<\/p>\n Portnoy said he\u2019s torn between his political opposition to Mamdani and his concern for employees based in New York.<\/p>\n \u201cIf it was just me, I would move the company out of New York City because I hate this guy so much,\u201d Portnoy said in another podcast appearance.<\/p>\n \u201cBut I won\u2019t because there\u2019s a lot of people in New York, and I don\u2019t want to change their lifestyle for it.\u201d<\/p>\n The Post has sought comment from Mamdani.<\/p>\n","protected":false},"excerpt":{"rendered":" Barstool Sports founder\u00a0 During a recent YouTube livestream, Portnoy, 48, said Mamdani\u2019s victory made him seriously consider relocating Barstool\u2019s headquarters to\u00a0Hoboken or Jersey City. \u201cI hate the guy,\u201d Portnoy said. \u201cThirty-something-year-old Communist…<\/p>\n","protected":false},"author":1,"featured_media":14381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t