Dave Portnoy, the founder of Barstool Sports and known as @StoolPresidente, has leased the former home of boxing legend Floyd Mayweather Jr. in Miami Beach. The property was purchased by Mayweather in 2016 for a total of $7.7 million in an all-cash transaction. After selling it, Mayweather incurred a loss of $1.5 million, selling the property for $6.25 million.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $200,000/Month
• Square Footage: 5,200
• Tenant: Dave Portnoy
• Market: Miami Beach

This lease arrangement brings together two prominent figures - Dave Portnoy and Floyd Mayweather Jr. Portnoy, also known as @StoolPresidente, has secured a lease on Mayweather's former Miami Beach property. Mayweather's decision to sell the property at a $1.5 million loss highlights the competitive real estate market in Miami Beach. Portnoy's choice to lease this luxury property adds to his reputation as a prominent tenant in the area.