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Rooney brothers to huddle with NFL
Friday, August 15, 2008

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