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Pittsburgh Steelers in Ownership Discussions
Topics:Sports
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Pittsburgh Steelers Chairman Dan Rooney, and his son, Steelers President Art Rooney II, are arranging a financing plan to buy Dan Roony's brothers' shares in the American football franchise, according to a statement on the Steelers' web site Monday.
The plan is in order to order to continue substantial ownership of the franchise by the Rooneys, the Web site said.
Dan Rooney wants to stay in the football business while some of his four brothers plan to get out of the NFL and focus their business efforts on their racetracks and other interests, the statement said.
The Wall Street Journal reported earlier Monday that the Pittsburgh Steelers franchise has been secretly shopped to potential buyers amid continuing divisions among the five sons.
Copyright 2008 Reuters. Click for restrictions.
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