Barstool Sports CEO Erika Nardini has stepped down from WWE’s board.
WWE announced the news in an 8K filing with the SEC Friday afternoon. The company said that the news was related to Penn Entertainment acquiring the full stake of Barstool Sports, and that she “will be focused on the next chapter of this business and partnership.”
“Ms. Ayers Nardini’s decision to resign from the Board was not due to any dispute or disagreement with the Company, its management or any matter relating to the Company’s operations, policies or practices,” WWE said in the filing.
Erika Nardini stepped down from the WWE board of directors on Friday.Annie Wermiel/NY Post
Reached by The Post, Nardini confirmed the move.
“Penn Entertainment acquisition is imminent and I have a lot to do here,” she said.
Nardini was named CEO of Barstool in 2016, when it was owned by The Chernin Group. The Chernin Group sold 36 percent of Barstool to Penn for $163 million. In the deal, Penn had the option to buy the whole company at a valuation of $450 million; the casino gaming group officially exercised that option in August.
Nardini was on WWE’s board for slightly under two years — she had joined it in October of 2020.