Why register with the Steelers Fever Forums?
 • Intelligent and friendly discussions.
 • It's free and it's quick. Always.
 • Enter events in the forums calendar.
 • Very user friendly software.
 • Exclusive contests and giveaways.

 Donate to Steelers Fever, Click here
 Our 2014 Goal: $450.00 - To Date: $450.00 (100.00%)
 Home | Forums | Editorials | Shop | Tickets | Downloads | Contact Pittsburgh Steelers Forum Feed Not Just Fans. Hardcore Fans.

Go Back   Steelers Fever Forums > Steelers Football > Pittsburgh Steelers


Steelers Fever Fan Shop

Doc's Sports Get FREE NFL Picks and College Football picks as well as Football Lines like live NFL Lines and updated NFL Power Rankings all at Doc's Sports Service.

Steelers

LOL

Reply
 
Thread Tools
Old 09-23-2009, 04:54 AM   #1
Galax Steeler
The Virginia Hillbilly
Supporter
 
Galax Steeler's Avatar
 

Join Date: Oct 2006
Location: Galax Va
Posts: 103,411
Gender: Male
Member Number: 3287
Thanks: 1,315
Thanked 3,709 Times in 1,568 Posts
My Mood: Lurking
Default Steelers' deal closing soon?

10 new owners expected in fold
The Steelers should have new owners by today or tomorrow -- many more of them.

At least 10 new owners will officially join longtime franchise stewards named Rooney and McGinley if the closing of the Steelers' new ownership structure finally takes place as scheduled.

The long-anticipated closing of the transaction has been postponed often over the past six months, but sources told the Pittsburgh Post-Gazette that while all is ready for today, it's possible it could take one more day for the paperwork to be complete.

One of the owners will come as a bit of a surprise. Pat Rooney, one of the five sons of Art Rooney Sr. who was expected to sell all of his shares, will maintain 3 percent ownership as part of a trust for his family, Pat's son, Brian Rooney, told the Post-Gazette.

That leaves just one of the five brothers out. Tim Rooney and his family plan to sell all of their 16 percent stake in the franchise. Brothers John and Art Rooney Jr. will keep about half of their current 16 percent ownership each.

Steelers president Art Rooney II will head the new ownership group, along with his father, Dan Rooney, who as U.S. ambassador to Ireland has taken the title of chairman emeritus of the Steelers.

The McGinley family of Pittsburgh, which previously owned 20 percent of the Steelers, will maintain a smaller stake in the club.

Among the new minority owners in the Steelers are the Paul family of Pittsburgh, James Haslam III of Knoxville, Tenn., Hollywood producer Thomas Tull, Steelers Hall of Fame receiver John Stallworth, Bruce V. Rauner of Chicago and the Varischetti family of Brockway, Pa.

Others not yet announced will join them for the closing. NFL owners unanimously approved the sale of the team at a meeting in December.

The change in ownership will be the most drastic since franchise founder Art Rooney Sr. sold the Steelers in 1940, then bought into the Philadelphia Eagles and swapped them to regain the Steelers several months later.

http://www.post-gazette.com/pg/09266/1000158-66.stm
__________________
Galax Steeler is online now   Reply With Quote
Old 09-23-2009, 08:09 AM   #2
JackHammer
Assistant Coach
 
JackHammer's Avatar
 

Join Date: Jun 2007
Location: The Steel Valley
Posts: 1,017
Gender: Male
Member Number: 5640
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Steelers' deal closing soon?

I didn't realize how impressive Thomas Tull's filmography is. I wonder if this means we'll see some more creative scoreboard entertainment at the Big Ketchup Bottle
JackHammer is offline   Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 07:23 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Shoutbox provided by vBShout v6.2.1 (Lite) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.
User Alert System provided by Advanced User Tagging v3.0.8 (Lite) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
Navbar with Avatar by Motorradforum
no new posts