The ownership mess that has been percolating in Pittsburgh for as many as two years possibly could have been avoided. At a minimum, it possibly could have been resolved without turning awkward, verging on ugly.
As NFLPA-certified agent and sports lawyer Ron Del Duca pointed out to us on Thursday, no one is asking whether the Rooney brothers have a “buy-sell” agreement in place, which would have provided a framework for the transfer of one of their interests to one or more of the remaining owners.
“If they don’t have one, why didn’t they ever get one in place?” Del Duca said. “Then if one or some wanted to sell, the ones that want to stay owners would have the right of first refusal.”
Del Duca explained that agreements like this are very common in business. Some contain language preventing any transfer of ownership without the unanimous consent of the remaining owners. Others set forth a specific procedure for triggering a potential sale of a partial interest to the remaining owners, along with a procedure for determining a fair and appropriate price.
It’s also possible that an agreement is in place, and that it provides the remaining owners only with a right to match any other offers that one of the owners obtains from an outsider. If that’s the case, Dan Rooney could find himself unable to meet the offer from someone like Stanley Druckenmiller. And that would explain any effort by Dan Rooney to lowball his brothers, which has been alleged by some of them, in a roundabout way.
Regardless, the current situation has all the signs of becoming a huge mess. In some respects, it already is.
Based on a Thursday item from the Associated Press, the situation could have its roots in a falling out from two decades ago between Dan Rooney and brother Art Jr., which led to Art Jr. being pushed out. He previously had been the scouting and player personnel chief.
“How about that? I’ve become a big shot after being exiled 20 years ago,” Art Jr. recently said.
Big shot, indeed. He’s currently in a position, along with his three brothers, to render the eldest son of team founder Art Rooney a bystander in the management of the franchise that the family has owned for more than three quarters of a century.
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July 10th, 2008 at 11:27 pm
one of the theories i just read being floated is , the brothers are selling in fear of “obomaeconomics”. the fear is if the socialist obama wins, he will put a severe windfall tax rate on such transactions, thus cutting alot of the profits the brothers might re coup down the road. wasn’t one of the rooneys actually campaigning for obama? if so , serves him right that now he is in a bind!
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Rating: 2.5 / 5 with 4 rating(s)
July 10th, 2008 at 11:33 pm
Dan Rooney ran off the guy responsible for four rings in six years! He deserves to lose control.
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Rating: 2 / 5 with 4 rating(s)
July 10th, 2008 at 11:39 pm
Warning from a Browns fan….you can never trust a guy named Art.
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Rating: 3.8 / 5 with 5 rating(s)
July 11th, 2008 at 12:21 am
It’s sad because Art had done a lot for the league. His idiot kids kids are messing up a once proud franchise.
One thing I found interesting was the fact Tagliabue was involved in negotiating a deal for the Rooneys. It’s seems like more of the good ol’ boy network. Tagliabue helps the Rooneys get the Super Bowl they wanted and they repay him after he retires by giving him a job.
Things never change.
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Rating: 1.8 / 5 with 5 rating(s)
July 11th, 2008 at 12:25 am
who would want to own a pathetic franchise like the Steelers anyway…
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Rating: 2.25 / 5 with 8 rating(s)
July 11th, 2008 at 1:11 am
Well boo hoo, and YEE HA! Let the Big Bucks Druck era begin!
Soon the day will come when the haters get to whine “the Steelers are buying another championship, wahhhh!” The tight-fisted current owner will be replaced by the Cashmaster, whose fortune makes Jerry Jones’s look as puny as a Dallas fan’s package.
Speaking of Jerry Jones (who, unlike loyal Pittsburgh boy Druckenmiller) don’t forget he’s a Razorback, and couldn’t care less about Dallas. When the move bucks get waved his way, look for the big move — L.A. Cowboys has a nice ring to it, doesn’t it?
With Druck at the helm the future looks brighter than ever — as Big Ben wins again and again, dominating FartFaceKilla’s team forever.
What a truly GREAT day for Steeler Nation!
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Rating: 2.35 / 5 with 3 rating(s)
July 11th, 2008 at 1:55 am
Well, the Stiller ownership doesnt take criticism vey well, so you can expect, that no matter how messy it really is, and whatever the outcome is, they’ll be saying they had that plan in place all along and have no idea where all these internet rumor-mongers dreamed up this stuff.
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Rating: 1 / 5 with 1 rating(s)
July 11th, 2008 at 8:18 am
It’s NEVER a good idea to have family as partners.
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July 11th, 2008 at 8:51 am
fart face killa
“who wants to own a franchise”
i do,when it’s probably worth more than 700 million.
i wouldn’t pass on that because of who i root for.
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July 11th, 2008 at 10:14 am
vincelombardi,
I’m hoping he finds a way to tax stupid so I won’t have to read drivel like this from people who can currently afford computers.
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July 11th, 2008 at 11:44 am
huh oh, i must of offended one of the “change is good” cause it is change obamonnots, sorry maggoo, just cause cause he talks about “change” and reads from a teleprompter, doesn’t make him a savior. i guess you too, must finally be “pround” of our country cause we got the first affirmative action candidate huh? idiot
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July 11th, 2008 at 12:35 pm
Slow down, big fella. Take a deep breath and get over yourself. I can identify drivel and those who dispense it without ruining my day. When the last 8 years are what they are, change is good. Even nothing is good as compared to actively screwing it up. Let’s not work ourselves into a frenzy on how you outraged a liberal and go high five your buddies when I’m busy laughing at you.
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July 11th, 2008 at 12:36 pm
vincelombardi- “Th’ scareee black man is a’comin to git me!!”
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July 11th, 2008 at 3:34 pm
TRomo is a drooling idiot says:
July 11th, 2008 at 1:11 am
Well boo hoo, and YEE HA! Let the Big Bucks Druck era begin!
Soon the day will come when the haters get to whine “the Steelers are buying another championship, wahhhh!” The tight-fisted current owner will be replaced by the Cashmaster, whose fortune makes Jerry Jones’s look as puny as a Dallas fan’s package.
Speaking of Jerry Jones (who, unlike loyal Pittsburgh boy Druckenmiller) don’t forget he’s a Razorback, and couldn’t care less about Dallas. When the move bucks get waved his way, look for the big move — L.A. Cowboys has a nice ring to it, doesn’t it?
With Druck at the helm the future looks brighter than ever — as Big Ben wins again and again, dominating FartFaceKilla’s team forever.
What a truly GREAT day for Steeler Nation!
=======
I am loving the fact that I got to you so much! LMAO! Like I care what some Burgh turd thinks about America’s Team….
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Rating: 5 / 5 with 1 rating(s)
July 11th, 2008 at 10:25 pm
rulomeck, not the scaree black man the scary socialist , skin color has nothing to do with it, of course if you are one of those who feels obliged to vote for him CAUSE of his skin color i understand. it’s all about change right?
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Rating: 3 / 5 with 2 rating(s)