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Rooney brothers to huddle with NFL Friday, August 15, 2008 By Ed Bouchette, Pittsburgh Post-Gazette TORONTO -- The five Rooney brothers will meet with NFL commissioner Roger Goodell at his office next Thursday in the ongoing attempt to iron out their ownership of the Steelers. Steelers chairman Dan Rooney and his four brothers -- Art Jr., a Steelers vice president, Tim, John and Pat -- will join Goodell and NFL attorney Jeffrey Pash in New York City. Over the past two years, the brothers have been trying to find a way to abide by NFL rules regarding ownership of their racetrack-casinos, as well as the Steelers. NFL rules forbid team owners to be involved in any kind of casino gambling. The Rooneys own a dog track in Florida and a horse track in New York, and each facility has added some type of casino gambling over the past several years. Dan Rooney, who has divested his stock in the tracks, and his son, team president Art Rooney II have been talking to other possible investors so those two Rooneys can become principle owners. Each of the five brothers owns 16 percent of the club's stock, with the McGinley family owning the other 20 percent. Some brothers want to sell and have lined up a buyer, billionaire Stanley Druckenmiller, who is willing to acquire a controlling interest in the club but has no interest in minority ownership. Dan Rooney's brothers are considering an offer from him as well as one from Druckenmiller, and those are being discussed by their investment bankers. Dan's brother Art also has divested himself of 90 percent of his racetrack stock and plans to do so with the remainder. Tim and Pat have resigned from the Steelers' board of directors. Former NFL commissioner Paul Tagliabue has been working with the brothers as a consultant, at the urging of Goodell. First published on August 15, 2008 at 12:00 am Quote:
As this deals withe the business of pro football, I wasn't really sure if this is the right forum, I apologize to the moderators if this is not the correct forum for the above.
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So the billionaire wants to buy the Steelers for more money than Rooney is going to pay...
Yet, the league is trying to manipulate it so the Steelers get special treatment here...huh?
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I do believe that the league and all 32 owners get to have a say in whether or not a sale gets approved.
Browns is the Browns
... there goes Joe Thomas, the best there ever was in this game.
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Quote:
So the billionaire wants to buy the Steelers for more money than Rooney is going to pay...
Yet, the league is trying to manipulate it so the Steelers get special treatment here...huh?
Not really sure where you see the Steelers getting special treatment. It appears to me from the article that they are making sure there is no special treatment. Dan Rooney gave up his stake in the racetracks and Art Jr. is doing the same because of the NFL stipulations. Not in spite of them.
Personally, I think of the Steelers and I think of the Rooneys. The Steelers are our rivals, and I personally wish they would lose every Steelers Browns game. But at the same time, I don't want some guy buying them that isn't a Rooney. I'd rather it stay in the family that has loved it for as long as Football has been around. IIRC, the Rooney family is one that stood by us when we got screwed in '95. I've nothing but respect for the Rooneys.
KeysDawg
The fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. - Carl Sagan
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The Rooneys own a dog track in Florida and a horse track in New York, and each facility has added some type of casino gambling over the past several years.
Vick gets prison time for killing dogs that dont win fights (i know, it was more then that) behind closed doors. But the Rooneys can be in a sport that kills dogs that dont win races in the public view. Not much is made anymore of the killing of older racing dogs, that can no longer win, and their is no cheaper resolution then to kill them. Im not sure if that is a problem cleaned up or not.
I did see a huge dog track stadium right outside of Daytona Beach. It was pretty cool. Im just not a fan on what goes on with the animals. I also dont trust racing. Every time I go to harness racing or Thistledown. I always have questions about how the race turned out the way it did. One time they didnt show a replay on my horse that won but it showed up as second on the result screen. The only race they didnt show the replay  At least dog racing takes away the human element. Unless the dog owners have Barry Bonds docter as a dog vet.
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Actually, there are a number of organizations out there that will take the older racing dogs (particularly Greyhounds) that cannot race anymore and find them good homes. A simple google search ( Link ) turns up 163,000 results. I've volunteered for them and some others. The ASPCA and PETA have both petitioned and won to get better treatment for the older dogs. Now, that's not to say there are none that are put down, But it's come a long way. Also, keep in mind, the Rooneys don't own the dogs or the horses. Just the tracks.
KeysDawg
The fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. - Carl Sagan
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I thought it has gotten better since I havnt heard anything in a while on the subject. Ive always wanted to adopt one when I was younger after hearing a story about it. I just like to try to stir the pot sometimes 
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Quote:
Quote:
So the billionaire wants to buy the Steelers for more money than Rooney is going to pay...
Yet, the league is trying to manipulate it so the Steelers get special treatment here...huh?
Not really sure where you see the Steelers getting special treatment. It appears to me from the article that they are making sure there is no special treatment. Dan Rooney gave up his stake in the racetracks and Art Jr. is doing the same because of the NFL stipulations. Not in spite of them.
Personally, I think of the Steelers and I think of the Rooneys. The Steelers are our rivals, and I personally wish they would lose every Steelers Browns game. But at the same time, I don't want some guy buying them that isn't a Rooney. I'd rather it stay in the family that has loved it for as long as Football has been around. IIRC, the Rooney family is one that stood by us when we got screwed in '95. I've nothing but respect for the Rooneys.
Well said, I agree.
The Rooney's did stick up for us, as did the entire steeler organization and fan base in 95.
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I've nothing but respect for the Rooneys.
I agree Keys.
The reason they are talking is to find a way to keep it in the family.
I also don't see any favoritism here....they are in this position because the league has probably told them they need to change things since the casino part came into their other business ventures.
As long as the managing partners of the football team aren't directly involved in the casino business, I don't really see a conflict.
How is a owner going to fix games....by putting a crappy team on the field??? Then the odds wouldn't be favorable for a fix.
I guess they could on some over/under wins bet and bet the under, then fire the coaching staff and star QB just before the opener, or some big game, but that would stick out like a sore thumb. I doubt a owner is going to do something like that.
The object of fixing things is so things don't stick out.
If everybody had like minds, we would never learn. GM Strong ![[Linked Image]](http://www.dawgtalkers.net/uploads/small-gator-chomp.gif)
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Quote:
The Rooney's did stick up for us, as did the entire steeler organization and fan base in 95.
Yes they did, along with the Buffalo Bills also. I have nothing but admiration and respect for the Rooney family and the Steeler organization..........they're first class, and instead of mocking them................we've got to become as good as they are on and off the field. Cut the jive talk back and beat 'em, Browns!
I hope the family can hold on because to me, ever since I've been following the Browns and Pro Football, the Rooney family and Steelers are synonymous.
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Quote:
I do believe that the league and all 32 owners get to have a say in whether or not a sale gets approved.
They do indeed.,..
Ammo, there isn't a smoking gun here. The Rooney family is something of an Icon in the NFL.. I don't blame the NFL for wanting to solve the problem in such a way that the Rooneys stay in charge. Personally, I think it's good for the Steelers, the City of Pittsburgh and the NFL.
I've heard nothing bad about Drukenmiller or anything, but when you have an Iconic ownership group, it appears the league would rather keep the status quo.. and I think it's right to do so..
No smoking gun
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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Quote:
So the billionaire wants to buy the Steelers for more money than Rooney is going to pay...
Yet, the league is trying to manipulate it so the Steelers get special treatment here...huh?
You got all that from that article?
How so? 
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Quote:
Quote:
So the billionaire wants to buy the Steelers for more money than Rooney is going to pay...
Yet, the league is trying to manipulate it so the Steelers get special treatment here...huh?
You got all that from that article?
How so?
It was PFT speculation mostly...it's implied in the article though. The Rooneys should have all this done right now but the NFL is trying to come up with a solution. If "rules were rules," this billionaire would have a made a bid Dan Rooney couldn't match by now.
Yes the owners have to approve the deal, but the brothers need to accept the bid as well...Dan is offering WELL UNDER market value.
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Quote:
Dan is offering WELL UNDER market value.
What is Dan offering and what is market value.. I don't know those numbers..
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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Quote:
Quote:
Dan is offering WELL UNDER market value.
What is Dan offering and what is market value.. I don't know those numbers..
I don't know the specifics about what Rooney is offering, but I do know that the other guy is offering something in the $1 billion range and that Rooney can't match it.
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Dealing with family can be and usually is different. I know when I bought my car from my dad, I got a "family discount". It's not nearly what the market value is. I don't see why it's a big deal here. It's a privately owned enterprise. This isn't a public company, nor is it a traded commodity. The brothers can accept any bid they want. If they choose (as I hope they do) to keep the organization in the family at a lower price, they are all still millionaires (if not billionaires).
I don't see the problem.
KeysDawg
The fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. - Carl Sagan
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I haven't followed this as closely as others, but I believe the problem is several of the brothers want the higher offer (as they will get more money for themselves).
Typical family business kind of thing - some want to run the business, others want the cash now.
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Billionaire Withdraws Offer To Buy Pittsburgh Team Billionaire withdraws bid to buy a majority stake in Steelers A billionaire suitor withdrew his offer to buy a majority stake of the Pittsburgh Steelers on Thursday, saying the Rooney family needs more time to consider its options about the future ownership of the team. Stanley Druckenmiller issued a statement on Thursday night saying that he "removed himself from the process" and that it is clear that the Rooneys needs more time in order to consider its options. Earlier this week, sources told KDKA that Druckenmiller had set a Friday deadline for his offer to buy the team. The family approached him seven months ago about buying their shares of the team to help resolve estate planning and NFL ownership matters. At least three of the five Rooney brothers, sons of team founder Art Rooney Sr., want to sell their equal shares. Dan Rooney, who has run the team since the early 1970s, also owns only 16 percent himself. The NFL also wants one owner to control at least 30 percent of the team. Druckenmiller said he made it clear throughout the discussions that if the family could resolve its problems internally, he would step away. "Based on recent developments, it has become clear that the Rooneys need substantial additional time to assess their options," Druckenmiller said in a statement. "I do not wish to complicate these efforts, and I also do not want the lingering uncertainty about my possible involvement to become a distraction to my business and my family." http://kdka.com/sports/Stanley.Druckenmiller.Steelers.2.821178.html
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I gotta tell ya', if the Rooney's don't own the Steelers, then they ain't the Steelers anymore,....
"They" say a family business doesn't make it past the third generation 90% of the time.
This is why I admire Velvet Ice Cream -- they're in their FIFTH generation of family ownership.
Just wait until one of these pro teams is bought by foreigners, like Bud.
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Forums DawgTalk Tailgate Forum Rooney brothers to huddle with NFL
re ownership of Steelers
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