Jimmy Haslam, who bought the Cleveland Browns last October, completed the sale of his minority ownership in the Steelers, who have added two more minority partners.
The Steelers announced the change in ownership in a two-paragraph statement this afternoon.
The majority of Haslam's stock was puchased by Steelers' existing stockholders, the team announced. A portion of Haslam's remaining stock was purchased by members of the Swank family, Scott Swank and Russ Swank.
Morgan Stanley arranged for the resale of Haslam's stock, according to the statement, which quoted team president Art Rooney II as saying, "We appreciate the continued confidence of our ownership group involving this purchase of stock owned by Jimmy Haslam, and we welcome Scott and Russ Swank to our ownership group."
Russ and Scott Swank were born and raised in Lower Burrell. Russ has spent his entire career running a regional construction business. Scott owns Swank Trading, a commodity futures trading business in Chicago.
For more on the Steelers, read the blog, Ed Bouchette on the Steelers at www.post-gazette.com/plus. Ed Bouchette: email@example.com and Twitter @EdBouchette. First Published April 11, 2013 7:15 PM