stillers4me
02-28-2016, 08:35 AM
The pro football team founded by Art Rooney Sr. 83 years ago and owned primarily by his five sons since his death soon may be down to just one brother in the franchise’s ownership group.
The Steelers are making more ownership changes. John Rooney sold all but about 1 percent of his stake to other partners at the end of 2015, and in 2009 Pat Rooney sold all but 2.5 percent of his ownership stake, which he put in a trust for his children. Brother Tim Rooney sold all of his shares in the franchise’s 2009 restructuring.
Art Rooney Jr., the brother who once headed the Steelers’ scouting department that fed their 1970s Super Bowl dynasty, also may sell most of his stake as other partners in the team exercise their rights to increase their shares as outlined in the 2009 ownership agreement.
That would leave only Dan Rooney, the eldest of the five Rooney brothers who succeeded his father in running the team, as the last of the five brothers still appreciably involved in the ownership of the NFL franchise their father founded in 1933. The McGinley family, which once owned 20 percent, also plans to sell all but a small portion of its stake. ..........
Read more @ http://www.post-gazette.com/sports/steelers/2016/02/28/Some-Rooneys-ready-to-give-up-shares-in-Steelers/stories/201602280078
The Steelers are making more ownership changes. John Rooney sold all but about 1 percent of his stake to other partners at the end of 2015, and in 2009 Pat Rooney sold all but 2.5 percent of his ownership stake, which he put in a trust for his children. Brother Tim Rooney sold all of his shares in the franchise’s 2009 restructuring.
Art Rooney Jr., the brother who once headed the Steelers’ scouting department that fed their 1970s Super Bowl dynasty, also may sell most of his stake as other partners in the team exercise their rights to increase their shares as outlined in the 2009 ownership agreement.
That would leave only Dan Rooney, the eldest of the five Rooney brothers who succeeded his father in running the team, as the last of the five brothers still appreciably involved in the ownership of the NFL franchise their father founded in 1933. The McGinley family, which once owned 20 percent, also plans to sell all but a small portion of its stake. ..........
Read more @ http://www.post-gazette.com/sports/steelers/2016/02/28/Some-Rooneys-ready-to-give-up-shares-in-Steelers/stories/201602280078