Truth & Rumors > NFL

Rooneys to discuss sale with Goodell

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The five Rooney brothers will meet with NFL commissioner Roger Goodell at his office next Thursday in the ongoing attempt to iron out their ownership of the Steelers. Steelers chairman Dan Rooney and his four brothers -- Art Jr., a Steelers vice president, Tim, John and Pat -- will join Goodell and NFL attorney Jeffrey Pash in New York City. Over the past two years, the brothers have been trying to find a way to abide by NFL rules regarding ownership of their racetrack-casinos, as well as the Steelers. NFL rules forbid team owners to be involved in any kind of casino gambling. The Rooneys own a dog track in Florida and a horse track in New York, and each facility has added some type of casino gambling over the past several years. Dan Rooney, who has divested his stock in the tracks, and his son, team president Art Rooney II have been talking to other possible investors so those two Rooneys can become principle owners. Each of the five brothers owns 16 percent of the club's stock, with the McGinley family owning the other 20 percent. Some brothers want to sell and have lined up a buyer, billionaire Stanley Druckenmiller, who is willing to acquire a controlling interest in the club but has no interest in minority ownership. Dan Rooney's brothers are considering an offer from him as well as one from Druckenmiller, and those are being discussed by their investment bankers. Dan's brother Art also has divested himself of 90 percent of his racetrack stock and plans to do so with the remainder. Tim and Pat have resigned from the Steelers' board of directors.

Pittsburgh Post-Gazette

Dan Rooney, Jeff Haynes/Getty Images Dan Rooney, Jeff Haynes/Getty Images

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August 15, 2008  07:21 AM ET
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Dan is The Man. The others can pick 1 of the 74 bridges in The Burgh and jump off.

August 15, 2008  08:16 AM ET
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After 1970 American steel producers could no longer compete effectively with low-wage producers elsewhere. Imports and mini-mills undercut its sales. Most mills were closed. Bethlehem went bankrupt in 2001. In 1984, Republic merged with Jones and Laughlin Steel; the new firm went bankrupt in 2001. US Steel diversified into oil (Conoco Oil was spun off in 2001). Finally US Steel reemerged in 2002 with plants in three American locations (plus one in Slovakia) that employed fewer than one-tenth the 168,000 workers of 1902.
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When the steel industry went bust in the '70's the former steel workers still had something to look forward to...the Pittsburgh Steelers. Please keep the team under family control.

August 15, 2008  09:17 AM ET
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wouldnt be right if a family other than the rooneys owned the steelers.

August 15, 2008  10:40 AM ET
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they hit the sperm lotto

August 15, 2008  11:08 AM ET
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I could care less about the Rooney debacle! Either you have a football team or you run casinos. The NFL will not let you do both. Now the Rooneys' are trying to make it work so that they can have both. Their father is turning in his grave. I hope they lose out and have to sell! HAHAHA!!!

~Dr. D

August 15, 2008  12:30 PM ET
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"The Rooneys own a dog track in Florida"

I'm glad we discern between abusing dogs for racing and abusing dogs for fighting. Vick burns while the Rooneys get a pass --- how classy is that.

August 15, 2008  12:50 PM ET
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Principle owners? English must not be the writer's principal language.

August 15, 2008  03:13 PM ET
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Angry Corgi -

One is legal while the other is not. Classy has nothing to do with it.

August 15, 2008  06:39 PM ET
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Angry Corgi -

One is legal while the other is not. Classy has nothing to do with it.
mikrang07 | 08/15/08, 03:13 PM
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One is legal because the gov't gets its money, the other isn't because its not gov't regulated. Both treat animals like disposable garbage. Legal status has nothing to do with it.

August 15, 2008  09:58 PM ET
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Might as well disband the NFL if the Rooneys sell the Steelers. Isn't anything sacred anymore ??? Were the humanity ???

August 15, 2008  10:56 PM ET
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When the steel industry went bust in the '70's the former steel workers still had something to look forward to...the Pittsburgh Steelers. Please keep the team under family control.
Lady's Coach Belicat | 08/15/08, 08:16 AM


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Agree!!!!!!!!!!!!!!

the NFL without Rooneys?...........too sad. I don`t want to see this happen

 
August 18, 2008  02:27 PM ET
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Dr. D....the real irony of it: Art, Sr got the $$ to buy the Steelers due a lucky day bettin' on the ponies!

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