The practical consequence of the current ownership dilemma in Pittsburgh is that the four Rooney brothers not named Dan have full control over the future of the franchise.
If they sell their shares to an outsider like Stanley Druckenmiller, the Rooney influence will sink to third on the hierarchy, behind Druckenmiller’s 64 percent and the McGinley family’s 20.
It’s hard for us not to wonder whether the other four Rooney brothers — Art, Jr., Tim, Pat, and John — truly care about whether a Rooney maintains controlling interest in the team. From their perspective, they’re cashing in their chips. If they can get substantially more from a stranger than they can get from Dan and his son, Art II, sentimentality and tradition will take a back seat.
And then there’s the reality that Dan has been running the show for years, even though he owns no more of the team than any of the other four Rooney brothers. Could there be, at a certain level, some internal resentment toward Dan for all the years that he has basked in the limelight while the rest of them have been pushed to the background?
Sure, family ties should overcome such matters. But families fracture over far more petty things than the value of 16 percent shares in a billion-dollar business.
Given that the Rooneys routinely prefer to keep their business quiet and their cards close to the vest, the mere fact that this issue is on the table (heck, there’s even a story about it on the team’s official web site) suggests to us that it’s a real problem, and that the end result very well could be that Dan Rooney and Art Rooney, II are part owners answering to a stranger to the organization who has the money to pay Dan’s four brothers full and fair value for their interest in the team.
Meanwhile, we’ve got a PFTV segment regarding the issue.
_2.gif)





July 9th, 2008 at 11:59 pm
I don’t understand how this is an issue at all, much less one for so much hand-wringing. The hypocritical Rooneys are not the best owners ever.
(report as inappropriate)
Rating: 1 / 5 with 1 rating(s)
July 10th, 2008 at 1:38 am
NFL owners that also own interests in horseracing isn’t new.
Houston Texans owner Bob McNair owns Stonerside Stable in Kentucky, which has bred horses which have won several major races including the Kentucky Derby (2000).
(report as inappropriate)
Rating: Not yet rated
July 10th, 2008 at 2:30 am
The Steelers suck any way.
Get rid of Big Fat Dumb Ben now and you guys will be ok.
(report as inappropriate)
Rating: 1 / 5 with 3 rating(s)
July 10th, 2008 at 7:23 am
Art is probably rolling over in his grave right now. Apparently, blood is thicker than water, but not thicker than cash.
(report as inappropriate)
Rating: 5 / 5 with 2 rating(s)
July 10th, 2008 at 9:07 am
Seriously, who can feel bad about a bunch of millionaires squabbling over money. Let the brothers sell to the highest bidder if they want - the league really shouldn’t get involved.
(report as inappropriate)
Rating: 1 / 5 with 2 rating(s)
July 10th, 2008 at 10:15 am
Did any Steeler fans get any sleep last night. Poor fans. After ~75 years someone other than a Rooney will control the Steelers…BFD. Now your team is just like every other team in the NFL. Welcome to the 21st century.
Is this really news worthy beyong PFT headquarters and the city of Pittsburgh…I think not.
(report as inappropriate)
Rating: 1 / 5 with 3 rating(s)
July 10th, 2008 at 10:19 am
Good thing we got a full PFTV segment on this earth-shatteringly important issue that the entire country cares deeply about.
(report as inappropriate)
Rating: 1 / 5 with 1 rating(s)
July 10th, 2008 at 10:34 am
Who gives a rat’s ass about who owns the Steelers? As a Cowboys fan, did I really care when Jerry Jones bought the Cowboys and got rid of Tom Landry? No. Who cares…he brought 3 Super Bowls to the team. Same here. Why care about who owns the Steelers? If anything, I think the indecision and lack of one true owner HURTS the team. If this new guy were to come in and buy a controlling interest in the team, it would clearly be the best thing for the Steelers. That is why they have the rule in place now…not because it is a bad thing, but because it is a GOOD thing to have one controlling interest in a team. Having 6 rich kids squabbling about it is a little ridiculous. Plus, if I owned a piece of the team, I would sell to the HIGHEST BIDDER. If my big brother, who is the biggest attention hog on the planet, tried to low-ball me, I would say “F You” and sell to whoever put up the most $$$. That ain’t selling out…that’s good business.
(report as inappropriate)
Rating: 1 / 5 with 2 rating(s)
July 10th, 2008 at 11:38 am
if you don’t care shut the hell up…no one forced you to read beyond the headline…not to mention you took the time to comment on this post as well…and big ben is a super bowl winning quarter back and without question a top 5 qb…good one steelers haters
(report as inappropriate)
Rating: 5 / 5 with 2 rating(s)
July 10th, 2008 at 1:56 pm
Are FartFacekilla and jgd3rd still dating?
(report as inappropriate)
Rating: 4 / 5 with 1 rating(s)
July 10th, 2008 at 3:40 pm
anybody got a handle on what the team is worth?
has anyone seen any articles in forbes or the wall
street journal about sports franchises and their
rankings,dollar wise?
(report as inappropriate)
Rating: Not yet rated
July 10th, 2008 at 6:56 pm
The range I’ve seen is $900M to $1.2B.
(report as inappropriate)
Rating: Not yet rated
July 14th, 2008 at 12:56 pm
hey farve 2012, yeah, the roonies are the hypocrits. cause you know, they retired and then decided not to.
idiot, they are the best owners ever, and the nfl owes them a lot.
(report as inappropriate)
Rating: 5 / 5 with 1 rating(s)