Wednesday, July 9, 2008
The Pittsburgh Post-Gazette reports that billionaire Stanley Druckenmiller is trying to buy shares of the team from three or four of the Rooney brothers. The story states: "If Mr. Druckenmiller purchased the shares of three brothers, he would own 48 percent of the Steelers, more than either Dan Rooney or the McGinley family, but still not enough to have controlling interest. If he purchased the shares of four brothers -- a possibility according to at least two sources -- he would have 64 percent and become the principal owner. That is what Dan Rooney and Art Rooney II are trying to prevent."