While Ben Roethlisberger has been dominating the headlines as far as Steelers news the last two days, today there is some other news, and it has to do with the Rooney’s and the ownership of the team. Here’s what the Post Gazette reports:
Four Rooney brothers signed papers on Monday to sell all or part of their ownership in the Steelers to a new investment group headed by their brother Dan Rooney and his son Art, sources told the Post-Gazette today.
The closing on the sale, which has been under agreement since November, should occur within two weeks or so, one source estimated. The closing has been delayed since its original schedule for last March.
“Now it’s going to happen,” one source said.
The sale is being handled by Pittsburgh National Bank.
Under terms of the sale, brothers Tim and Pat Rooney will sell all of their 16 percent stake each in the franchise, while brothers Art Jr. and John Rooney will sell about half of their 16 percent stake. Along with Dan Rooney, the five brothers equally shared 80 percent ownership of the team with another 20 percent owned by the McGinley family of Pittsburgh. Some of the McGinley stock also will be sold in the deal.
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Maria Ligon
July 28, 2009 at 10:26 am
I notice on your very front home page pictures of children looking up to their hero’s. Do you want Michael Vic being one of your hero’s for children to look up to…A above the law torture killer who killed fought and made money by doing this to dogs. Children and dogs go hand and hand how can a child look up to a person that did this they will think it is ok. Think this out please deny this poor excuse for a human to gain more money and think he got away with his killing spree. Wake up to you want to be dragged down with his name he will forever be associated with his wrong doing…