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Looks Like Steelers Reorganization to Take Some Time

From Johns Clayton’s ESPN blog earlier today: It’s going to be extremely hard for the Steelers’ ownership reorganization to be wrapped up in a month even though there is a good chance Pittsburgh billionaire Stanley Druckenmiller will buy into the franchise. Druckenmiller is the lone outside bidder so he holds the cards. Still, the problem is coming up with a resolution that keeps Dan Rooney and his son, Art, in control of the team. Druckenmiller, who is worth more than $3 billion, is trying to get a majority share of the team’s stock, but he also wants the Rooneys to continue to run the team. Dan is trying to get one or two of his five brothers to stay with him in the football operation so that the ownership share exceeds 30 percent. August will likely be the earliest the sale will be figured out.

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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