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Dan Rooney exploring buyout of brothers

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By The Associated Press
Monday, July 7, 2008
 

Pittsburgh Steelers Chairman Dan Rooney and his son, team president Art Rooney II, want to buy Dan Rooney's brothers' shares in the team.

The team says some of Dan Rooney's four brothers want to focus their business efforts elsewhere.

The Rooney family owns racetracks in New York and Florida and they've added forms of gaming that are inconsistent with NFL gambling policy.

The team says the NFL is working with the Rooneys on an agreement on separation of gambling interests and on restructuring of ownership going forward if part of the team is sold.

Dan Rooney says he'll work to keep the team in the Rooney family and in Pittsburgh. Art Rooney II says the discussions should have no effect on the team or its fans.

This report follows a report on The Wall Street Journal's Web site that the Steelers have "been secretly shopped to potential buyers amid continuing divisions among the five sons of the team's founder, Art Rooney Sr."

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