Four Rooney brothers confirm hiring of investment bank
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Four of the five Rooney brothers with shares in the Steelers confirmed today the hiring of Wall Street investment bank Goldman, Sachs & Co. to "evaluate alternatives for their ownership stake," according to a release.
The four brothers -- Art Rooney Jr., Timothy Rooney, Patrick Rooney and John Rooney -- describe "the issue currently facing the Steelers" as "normal-course Rooney family estate planning."
The fifth brother is Dan Rooney, the Steelers' chairman, who is not part of the release. But Dan's four brothers said they "echo the sentiments expressed publicly by the Steelers President that these family discussions will not have any impact on the team this season or in seasons to come and we look forward to the Rooney family's continued involvement in the franchise."
They added: "The Rooney family has been synonymous with Pittsburgh Steelers football for over 75 years. We hold in the highest regard the legacy of our father, Art Rooney, the founding owner of the Pittsburgh Steelers, and share enormous pride in the success of the Pittsburgh Steelers and the NFL."
First Published July 9, 2008 12:45 pm