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Multi-Billionaire Reportedly to Buy Into Steelers

Dan Rooney

Published reports indicate that the Rooney family ownership of the Steelers could be in jeopardy.  Reports indicate that as many as four of Dan Rooney’s brothers are interested in divesting their 16 percent stakes in the storied NFL franchise in order to bring the club into line with ownership regulations of the NFL and to prevent possible future inheritance tax problems. 

Several sources place the value of the franchise somewhere between 800-million and 1.2-billion-dollars.  Several of the Rooney brothers have been in touch with Stan Druckenmiller, president of Duquesne Capital Financial, who is a Steeler season ticket holder and a multi-billionaire.  Druckenmiller has said that if he were to buy into the team the Rooney’s would still run the day-to-day operations. 

Matt Loede has been in the sports media for over 16 years, with experience covering the MLB, NBA, and NFL. On Sunday’s during football season, you can hear Matt on national networks like Fox Sports Radio, Associated Press, and others. Born and raised in Cleveland Ohio, Matt studies and talks football inside and out, and is anxious to share his thoughts and comments with readers on a daily basis.

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