Truth & Rumors > NFL

Steelers near ownership decision

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The Steelers could take a first major step in solving their ownership issue by the end of this week as four Rooney brothers try to choose between two "final" offers for their shares in the franchise. While they've had both offers for months, one from their brother Dan Rooney and his son Art Rooney II, and the other from billionaire Stanley Druckenmiller, details of both took some time to be worked out with the brothers' investment bankers, Goldman Sachs. "Now we have all the information,'' one family member told the Post-Gazette. "I'm not saying anything's consummated. Nothing's been consummated." A decision is expected soon, however, by Dan Rooney's four younger brothers: Art Jr., Tim, Pat and John. Combined, they own 64 percent of the team. Dan Rooney owns 16 percent and the other 20 percent is divided among Pittsburgh's McGinley family, which has not been involved in negotiations for their shares. "It's a big week,'' one Rooney family member said.

Pittsburgh Post-Gazette

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

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September 17, 2008  06:43 AM ET
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This is a sad story! Good luck Steelers fans.

September 17, 2008  07:15 AM ET
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32 teams; 10 owners who care. Soon we'll have two less

September 17, 2008  07:44 AM ET
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BoBo will cry tonight for the Steelers. It probably won't help much.....but it will make BoBo a better clown.....and that's what this world needs.....better, happier clowns.

September 17, 2008  07:44 AM ET
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going to blow if the steelers aren't run by the rooneys.

September 17, 2008  08:36 AM ET
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Dan is The Man.

September 17, 2008  09:40 AM ET
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QUOTE(#1):
Originally posted 06:43 AM ET  09.17 by Hank Hill

This is a sad story! Good luck Steelers fans.

Indeed. a wonderful owner. If not for his family in football it woudnt be be here enjoying the sport of football.

September 17, 2008  10:55 AM ET
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Sheesh. Nice family you got there, all zillionaires and fighting amongst each other.

September 17, 2008  01:02 PM ET
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if dan doesn't get the team, the Steeler fans will feel consummated.

September 17, 2008  04:13 PM ET
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It is without a doubt trying times for Steeler Nation. Dan Rooney has been the epitome of class and the Rooney name a stalwart in the NFL for may generations. Personally I am hoping Dan's offer wins out and the Black and Gold remain in his hands.

September 17, 2008  04:57 PM ET
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This story makes me sick why don't the other brothers just give up and hand it over to Dan and be done with it

September 18, 2008  05:07 AM ET
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QUOTE(#10):
Originally posted 04:57 PM ET  09.17 by cusefan21

This story makes me sick why don't the other brothers just give up and hand it over to Dan and be done with it

The answer, unfortunately, is quite simple...GREED! If Dan offers 800 million, they'd each only get a miniscule 200 million. How are they supposed to feed their children with that chincy amount?

 
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