Connect with us

Massachusetts

Barstool Founder Dave Portnoy Buys Most Expensive Home In Massachusetts History—This $42 Million Nantucket Mansion

Published

on

Barstool Founder Dave Portnoy Buys Most Expensive Home In Massachusetts History—This $42 Million Nantucket Mansion


Topline

Barstool Sports founder Dave Portnoy purchased a $42 million harborfront home on Nantucket island, multiple outlets reported Friday, including Barstool, setting a record for both the popular Massachusetts summer vacation island and for the state, breaking the previous state record of $38 million for a waterfront Nantucket home that sold in July.

Key Facts

The 1.2-acre pair of waterfront properties at 68 and 72 Monomoy Road feature a 5,200-square-foot main estate with a two-bedroom guest house and pool in Nantucket’s Monomoy neighborhood, giving the homeowner a sunset view over Nantucket Harbor and the island’s historic downtown.

Advertisement

The transaction, which Lee Real Estate confirmed in a statement to Forbes, includes another $2 million in furniture, the Current reported.

Sources familiar with the matter told the Journal and the Current that Portnoy, who previously owned a separate Nantucket home and has been a frequent summer visitor to the island, purchased the sprawling compound, which last sold in 2016 for more than $13.5 million, according to town property records.

In a post on X, Portnoy said he had “dreamed of buying a place where I could see the Ferry come and go and have privacy,” posting a picture of a Steamship Authority ferry in Nantucket Harbor with the caption: “This is now my view.”

Advertisement

Tangent

Portnoy’s new property is down the street from a 3.5 acre estate that set the state’s previous record in July when it sold for $38.1 million. Nantucket, which boasts a wealthy summer population, is also home to a cast of billionaires and celebrities with second and third properties on the island, including former General Electric CEO Jack Welch, designer Tommy Hilfiger, billionaire investor Charles Johnson, billionaire banker Charles Schwab, Fidelity Investments heir Abigail Johnson, New England Patriots coach Bill Belichick and Red Sox and Liverpool FC owner John Henry, who purchased a $25 million estate in neighboring Shimmo last year.

Key Background

Portnoy founded Barstool Sports in 2003 as a Boston-based sports publication, though in recent years it has grown into a massive media brand based in New York City, covering national sports and pop culture, and often in an irreverent or controversial manner. In 2019, gambling company PENN Entertainment bought a 36% stake in the company for $163 million before purchasing the remainder of the company for $388 million. PENN sold Barstool back to Portnoy last month as part of a $1.5 billion agreement the Pennsylvania-based company landed with ESPN for a new sportsbook called ESPN Bet. At the time, Portnoy said the “regulated industry [is] probably not the best place for Barstool Sports,” arguing the brash sports outlet’s stock prices have been damaged by so-called hit pieces, most notably a story from Business Insider published in 2021 in which three women accused Portnoy of sexual abuse. Portnoy filed a defamation lawsuit against Insider in February 2022, claiming the outlet “knowingly disregard[ed] the truth.” The suit was dismissed in November.

Advertisement

Further Reading

Sources: Barstool Sports Founder Dave Portnoy Buys $42 Million Nantucket Compound, A New Record (Nantucket Current)

$38 Million Nantucket House Broke A Massachusetts Record For Most Expensive Home—Here Are 5 Still On The Market (Forbes)





Source link

Massachusetts

Uber, Lyft drivers in Massachusetts reach $32.50 minimum wage settlement – ABC Columbia

Published

on

Uber, Lyft drivers in Massachusetts reach $32.50 minimum wage settlement – ABC Columbia


 

(CNN)– Uber and Lyft are hailing a settlement they reached in a lawsuit against them by the state of Massachusetts.

They’re agreeing to pay their drivers a minimum wage of $32.50 an hour.

Rideshare drivers will also be provided with benefits under the agreement.

Advertisement

Those include paid sick leave based on the number of hours worked, healthcare stipends, and occupational accident insurance.

The companies will also pay a combines total of $175 million to the state.

The money resolves claims Uber and Lyft violated the state’s labor laws.





Source link

Advertisement
Continue Reading

Massachusetts

This town’s name isn’t a punch line. Or is it? Exploring Athol’s surprisingly posh, somewhat scandalous Scottish roots. – The Boston Globe

Published

on

This town’s name isn’t a punch line. Or is it? Exploring Athol’s surprisingly posh, somewhat scandalous Scottish roots. – The Boston Globe


Yes, I know that joke. I know them all. Athol makes people giggle like schoolchildren who think they’ve heard a naughty word. After Belchertown, Athol probably ranks as one of Massachusetts’s most unpleasantly named towns. If you’re still not hearing it, touch your tongue to the palate of your mouth and say, “Athol.”

I knew my hometown was named after a village in Scotland called Blair Atholl (two lls is Scottish Atholl, and one l is the Massachusetts Athol). But until this year, I had no idea how beautiful Blair Atholl is or that it has a 700-year-old castle. There is even a Duke of Atholl who commands Europe’s only officially sanctioned private army. Who’s laughing now, Wellesley? Anything to say for yourself, Dover, or Newton? Sure, Athol may be one of the poorest towns in Massachusetts, and our high school ranks 239th out of the state’s 351 public high schools (I am a somewhat proud and semi-literate graduate of Athol Regional High School). But we’re named after a village with Britain’s second tallest tree. So take that, Brookline!

My visit to Blair Atholl was a happy accident. I was on vacation in April, beginning with a few days in Glasgow. I drove north to Inverness to explore the Highlands and then southwest to Edinburgh. Halfway between Inverness and Edinburgh, I spotted a sign for Atholl on the highway. My husband, Alex, turned to me and said, “We’re stopping, right?” It was a rhetorical question.

The exterior of Blair Castle & Gardens in Blair Atholl, Scotland.Christopher Muther/Globe Staff

Cut to 30 minutes later, and we’re pulling into the parking area of Blair Castle & Estates. We were surrounded by sheep-dotted hills and acres of manicured gardens. I was beginning to think that this Atholl contained an extra “l” to denote that it’s lovelier than Athol, Mass. Because it was April, every inch of grass was over-saturated Technicolor green, and the sheep seemed extra plump. The setting was heavenly.

Before exploring the castle, I headed to the Hercules Garden, which dates back to the 18th century and was carefully restored in the 1980s. Even though few flowers were blooming, and the fruit trees were just beginning to bud, the gardens, sculptures, and duck-filled ponds were charming. In an alternate universe, this is the Atholl where I would have grown up, not the Athol with a lake my sister and I lovingly referred to as Dead Man’s Pond.

Advertisement
A statue in the Hercules Garden at Blair Castle & Gardens in Blair Atholl, Scotland. The 9-acre walled garden has been restored to its original Georgian design.Christopher Muther/Globe Staff

After an hour, the stop in Blair Atholl became much more than a novelty. It was a place I would enjoy visiting no matter what the village was called. Had I not grown up in Athol, there’s a good chance I wouldn’t have stopped here and experienced Blair Castle.

I later discovered that the 9-acre Hercules Garden that I was smitten with was being laid out at the same time that Athol, Mass., was being named. Before British settlers arrived in North America, the Nipmuc Nation Tribe already had a name for the region: Pequoiag. However, when the town was incorporated in 1762, John Murray, a politician and native of Blair Atholl, chose the name Athol because the rolling hills reminded him of his Scottish hometown. Murray was reported to be a distant cousin of the Duke of Atholl. So, a cousin of royalty bestowed Athol with its name. Very classy.

Or so I thought.

As it turns out, Murray was neither noble nor royal. He was given the paperwork to register the town’s name as Paxton, not Athol. He took it upon himself to change it. Why? Because he was a slippery, duplicitous miscreant. Another town in Worcester County got the name Paxton. We got stuck with Athol.

“He was a scoundrel,” said state Representative Susannah Whipps, an independent from Athol whose family has lived in the town for seven generations. “John Murray was a loyalist, and he got chased out of Massachusetts because he sided with the British during the Revolutionary War.”

When news of Murray’s disloyalty to the Colonies and continued love of the Crown became known, a mob of hundreds gathered at his home. According to records in the Loyalist Collection at the University of New Brunswick in Fredericton, he fled to Boston. All of his property was seized, and he was banished to Canada. In 1780, the Massachusetts General Assembly denounced him as a traitor.

Advertisement

“He was a shyster, a real shady character. So this might change your entire story,” Whipps said, sensing my disappointment at the news. “I would hate for you to write about Athol with this great sense of nobility. Maybe we’re still paying John Murray’s debt of dishonesty with the name. Also, I don’t want you to give us a better reputation than we actually deserve. I kind of like the scandal of it.”

‘I kind of like the scandal of it’

Massachusetts State Rep. Susannah Whipps on how Athol got its name.

Advertisement

Murray’s face appears on Athol’s official town seal. A traitor who could be best described as “odious” is Athol’s founding father. That’s one way to look at it.

The ballroom inside Blair Castle, in Blair Atholl, Scottland. The ballroom was commissioned by the seventh Duke of Atholl and designed by David Bryce.Christopher Muther/Globe Staff

But I prefer to think of Athol and its direct connection to the beauty of Scotland. In 1703, Queen Anne created the title Duke of Atholl, and in 1844, Queen Victoria granted the duke permission to raise Europe’s only legal private army (the unit had previously disbanded). The army, called the Atholl Highlanders, is still active today, although it’s purely ceremonial and is best known for its bagpipers. The Highlanders have marched in Athol twice and are coming back in April 2025 to celebrate Athol’s famed River Rat parade, along with traveling to perform in New York City and Washington, D.C.

The current Duke of Atholl doesn’t reside in Blair Castle; he lives in South Africa, but the 30-room castle is open for viewing. You can tour the ornate structure (tickets to tour the castle and gardens are $22) or take a whiskey tour to learn about Blair Castle’s illicit distilling past and sample some hooch (tickets are $75). If you fall in love with the castle and surrounding area the way I did, you can even stay at the Atholl Estates. There are lodges, cabins, and huts available. You can also camp there.

The dining room in Blair Castle, located in Blair Atholl, Scotland.Christopher Muther/Boston Globe

The walls of the 755-year-old castle are filled with portraits of past dukes, earls, viscounts, lords, ladies, and marquesses. An audio tour, which you can download before visiting, explains hundreds of years of history and rooms of well-curated artifacts. I’m not a descendant of the Duke of Atholl, but I felt a kinship walking through the castle.

This is where it all began for humble Athol. All giggling aside, if my hometown was going to be named after a location on Earth, I’m glad it was this beautiful place.

Advertisement

Christopher Muther can be reached at christopher.muther@globe.com. Follow him @Chris_Muther and Instagram @chris_muther.





Source link

Continue Reading

Massachusetts

Massachusetts top court clears way for gig worker ballot measures to proceed – ETHRWorld

Published

on

Massachusetts top court clears way for gig worker ballot measures to proceed – ETHRWorld


Using contractors can cost companies as much as 30% less than hiring employees, various studies showed

By Nate Raymond

BOSTON : The Massachusetts top court on Thursday cleared the way for voters in the state to decide whether drivers for app-based companies like Uber Technologies and Lyft should be classified as independent contractors who would be entitled to some new benefits but would not be legally employees.

Advertisement

The Massachusetts Supreme Judicial Court rejected a labor-supported challenge to an industry-backed coalition’s proposal to cement the drivers as contractors. But it also said it would allow a dueling ballot measure that would allow the drivers to unionize to move forward.

The decision came ahead of closing arguments set for Friday in a trial in a lawsuit pursued by the state’s Democratic attorney general, Andrea Joy Campbell, accusing Uber and Lyft of misclassifying their drivers as contractors, not employees.

Should the industry fail in court and at the ballot box, Uber and Lyft could face a sweeping overhaul of their business models, one that lawyers for the companies have said could force them to cut or end service in Massachusetts.

Using contractors can cost companies as much as 30% less than hiring employees, various studies showed.

Uber and Lyft, along with app-based delivery services Instacart and DoorDash, have spent millions of dollars to support the ballot proposal that would cement the status of their drivers as contractors under state law.

Advertisement

Flexibility and Benefits for Massachusetts Drivers, a ballot measure committee whose contributors include the four ride-share companies, is also proposing setting an earnings floor for app-based drivers and providing them healthcare stipends, occupational accident insurance and paid sick time.

They’re pushing it after the industry through a $200 million campaign in 2020 convinced California voters to pass a measure similar to the one backed by the companies in Massachusetts, solidifying drivers as independent contractors with some benefits. Litigation challenging that measure is ongoing.

The Massachusetts court in 2022 blocked a similar industry-backed ballot measure. To hedge its bets this time, supporters gathered signatures for five versions of their ballot question, only one of which they will put before voters on Nov. 5. Final signatures for the ballot measure will be turned in July 2.

A separate proposed ballot measure supported by the Service Employees International Union’s Local 32BJ seeks to ask voters to allow Uber and Lyft drivers to unionize.

Conor Yunits, the industry-backed campaign’s spokesperson, called Thursday’s ruling “a huge win and a great day for rideshare and delivery drivers.”

Advertisement

The court rejected a challenge by a labor-affiliated coalition called Massachusetts Is Not For Sale to Campbell’s certification of the industry’s question for potential inclusion on the ballot. The group said the proposal wrongly addressed not one policy question but several bundled together.

But Justice Gabrielle Wolohojian, writing for a 6-0 court, said the provisions in even the broadest of the five proposals “share a single common purpose: establishing and defining the relationship between the drivers and the companies.”

Chrissy Lynch, the president of the Massachusetts chapter of the union AFL-CIO and chair of Massachusetts Is Not For Sale, called the ruling “an unprecedented step back for the voters, workers, consumers, taxpayers and law-abiding businesses of the Commonwealth of Massachusetts, which should not be for sale.” (Reporting by Nate Raymond in Boston, Editing by Franklin Paul and Nick Zieminski)

  • Published On Jun 28, 2024 at 12:24 PM IST

Advertisement

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETHRWorld App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App


Advertisement



Source link

Continue Reading

Trending