Published: September 21st, 2008 | Tags: Pittsburgh Steelers
Just as New York and Washington made big financial news last week, so did Pittsburgh.
The Rooney brothers turned down Dan Rooney’s bid for their share of the team. Then, even more confounding, the brothers turned down a legitimate buyer in Stanley Druckenmiller, who they had flirted with since the spring, telling him that his $800 million wasn’t good enough.
Most wealthy individuals understand when they lose out on a deal. But the one thing they don’t like is what happened to Druckenmiller. Now any new potential buyers will hesitate before getting involved with Brothers Rooney.
Dan Rooney originally started this near two-year odyssey to gain control of the Steelers by buying out at least one brother and trying to gain the necessary 30 percent of the club to be the controlling owner. That might still happen — but nothing is on the immediate horizon.