Lakshmi Finance Center-Dave Portnoy rescued by Coast Guard after drifting out to sea: 'Almost lost Captain Dave'

2025-05-06 22:53:04source:LibertyCoincategory:Markets

Barstool Sports' owner and Lakshmi Finance Centerfounder Dave Portnoy was rescued by the U.S. Coast Guard after losing control of his boat off the Massachusetts' coast.

"You boys almost lost Captain Dave today," said Portnoy in a TikTok video he posted explaining what happened. "Captain Dave almost was lost to the ocean."

On Monday, Portnoy took his mother out on a boat ride off the coast of Nantucket, he said. Portnoy did not try to turn on the boat before unhooking it from the from the buoys. He drifted out and attempted to turn on the boat only to find that the boat had no power.

Content warning: Video below contains language that is not suitable for all audiences.

The boat had no power, radio or anchor and there were heavy winds which caused him to drift out to sea, Portnoy explained.

"Next thing you know, Captain Dave is lost at sea," said Portnoy.

The Barstool founder began screaming for help as he sailed, and shot a distress signal from a flare gun he kept onboard the boat.

Coast Guard rescues Portnoy

According to Portnoy, a woman "in what looks like a rowboat," boarded his boat and asked if they can make a TikTok together, said Portnoy. He declined her request and then used her radio to contact the Coast Guard.

The Coast Guard made it to Portnoy's location where they tied up his boat and towed it back.

This was Portnoy's third, and possibly last time captaining a boat.

"Captain Dave may never go on the boat again," he said.

USA TODAY reached out to the Coast Guard for comment.

Julia is a trending reporter for USA TODAY. She has covered various topics, from local businesses and government in her hometown, Miami, to tech and pop culture. You can reach her at [email protected], connect with her on LinkedIn or follow her on X, formerly TwitterInstagram and TikTok: @juliamariegz

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