Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

thomas p asked in SportsFootball (American) · 1 decade ago

Steelers Up For Sale? Part or Whole Team?

Business news wires are running a piece that the Rooneys are looking to sell either part or all its 95 percent stake in the team. Anyone have any of the real story on the potential sale of a major stake of the team? Seems that it is a family business due to estate taxes and some other factors. Ideas from you people in Pittsburgh?

7 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    Like everybody else said, this seems like an attempt by other family members to drive up the price that Dan Rooney will pay for their shares. This also makes the front office decisions of the last few seasons more understandable - Dan is trying to keep the price down by not signing or drafting any quality offensive lineman. The idea is that the team will start to stink and the price will be cheaper. Dan didn't count on Big Ben Roethlisberger to be one of the best quarterbacks in the league with or without an offensive line!

    This is way more realistic than Kevin Colbert's comments about the line being good.

  • BG
    Lv 4
    1 decade ago

    You are way off on this one, a number of Rooney generations have a stake in the franchise (like at least 10 of them). Some of those are also involved in racing and gaming. The NFL is pressuring the Steelers to get rid of the minority share owners that also have stakes in gaming b/c gambling and a professional sports league dont exactly mesh well. Dan and Art Jr. are trying to buy out those family members but those members are wondering how much their small shares in the team could fetch on the open market. All signs are pointing to the majority buying out the minority.

    Source(s): life long Steeler fans and pittsburgh resident
  • 1 decade ago

    Dan Rooney and Art Rooney II are wanting to buy the rest of their families shares in order to comply with nfl ownership regulations that were put in place by the league.

  • 1 decade ago

    I hope they sell John T. and his gay rainbow shades to Pluto. The Steelers aren't going anywhere, Dan Rooney and his son are trying to fit within regulations of the NFL, because the rest of the owners who have shares also own races and places with gambling, and the NFL doesn't agree with that.

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    I UNDERSTAND IT IS JUST PART OF THE TEAM OWNED BY ONE OF THE ROONEY BROTHERS AND THAT DAN ROONEY IS GONNA HANG ON TO ATLEAST HALF OF THE TEAM...

    Source(s): WWW.STEELERS.COM
  • Anonymous
    1 decade ago

    I have heard this being referred to as a "restructuring of ownership".

    They are not selling the Steelers.

  • Anonymous
    1 decade ago

    I hope they sell them to Pluto. Along with all their criminal-minded fans.

Still have questions? Get your answers by asking now.