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STEELERS DEAL APPROVED

The Pittsburgh Steelers have announced that the NFL’s owners approved on Wednesday the sale of the interests in the franchise held by the four Rooney brothers not named Dan to a group that will feature Dan Rooney and his son, Art II, jointly possessing a 30-percent stake in the franchise.
The five Rooney brothers had owned 16 percent of the team each, with the McGinley family holding the other 20.  Now, 50 percent of the team will be held by non-Rooneys.
The initial minority owners are James Haslam III of Knoxville, Tennessee, Thomas Tull of Los Angeles, and the Paul family, based in Pittsburgh and Los Angeles.
Per the announcement, the plan approved by the league included a divestiture of gambling interests that conflicted with league policy, which implies to us that Dan Rooney and/or Art II had been, as recently as yesterday, holding a share of family gambling interests that ran afoul of said policy.  
From our perspective, the most amazing part of the deal is that the owners approved (as a reader recently called it) a reverse conjoined twin procedure on Dan and Art II, which allowed them to count as one person under the rule that requires one member of each ownership group to hold at least 30 percent.
The Steelers and the publicly-held Packers previously were not in compliance with this provision; the league did not require these franchises to alter their structures once the 30-percent rule was adopted.
But the 30-percent rule exists now, and it’s a bit startling to us that the Steelers received a cookie that might not have been given to any of the other 31 franchises.

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34 Responses to “STEELERS DEAL APPROVED”
  1. Vox Veritas says: Dec 17, 2008 7:10 PM

    Are you saying that the Steelers don’ have to play by the same rules as the other organizations? After the Super Bowl and the Santonio Holmes non-TD and now this, who would have guessed?

  2. JPeezy55 says: Dec 17, 2008 7:12 PM

    Hey Florio, are you surprised it was a 31-0 vote? You have been the one making up claims that owners around the league weren’t happy with the Rooney’s situation, yet they UNANIMOUSLY approved the sale. Now you have an issue of a father/son sharing the 30% ownership. Apparently 31 franchise owners don’t mind, why the hell do you?

  3. ClevelandSucks says: Dec 17, 2008 7:12 PM

    “But the 30-percent rule exists now, and it’s a bit startling to us that the Steelers received a cookie that might not have been given to any of the other 31 franchises.”
    Whats wrong Florio you get turned down by a hooker that was a Steelers fan?

  4. the Decline says: Dec 17, 2008 7:20 PM

    steelers cheating-gambling comment in 3….2….1

  5. TheTylerRose-BestEver says: Dec 17, 2008 7:35 PM

    Rotten cheating Pissburgh team!

  6. 121 says: Dec 17, 2008 7:36 PM

    Stop being so Lawyerish [no this is not Emmett]! They were under the Grandfather program and it didn’t apply….

  7. JPeezy55 says: Dec 17, 2008 7:41 PM

    Florio’s agenda and what has taken up of 50% of this site the last year:
    1. Rooney’s don’t have a 30% owner, they are in violation, boo ho.
    2. Rooney’s have racetracks and gambling (which dates back to their father Art decades ago) boo hoo
    3. Hines Ward made a block, he is dirt, boo hoo
    4. Questionable call in Steelers game, was it wrong? Boo hoo.
    5. Steelers won’t win the division, well, because I don’t want them to, boo hoo
    6. Steelers fan beat me down and stole my girl, boo hoo.
    7. Steelers fan invents technology for new football, but it mat cost them a game, boo hoo
    8. Steelers only get 3 in Pro Bowl, that means they dont have talent, boo hoo
    9. Steelers messed up by tagging Starks not Faneca…. BUT FLORIO NEVER ADMITTED IT WAS THE RIGHT CALL!!!! Starks has been the starting LT practically all year and has played well. Kemoeatu, Faneca’s replacement has played well. Faneca got over-paid. Boo-hoo
    10. I just don’t like the Steelers but won’t come out and say it, boo hoo!
    Foolio strikes again!

  8. BradyGazelle says: Dec 17, 2008 8:02 PM

    I am so sick of the Steelers getting preferential treatment by the NFL. This is more F-ed up than the Browns getting to keep their records and the Oilers getting nothing.

  9. LewD says: Dec 17, 2008 8:16 PM

    The Rooney’s have more than likely formed a corporation and that single entity is what owns the 30% …

  10. CleveBrownie says: Dec 17, 2008 8:17 PM

    31 billionaires voting as a bloc does not, nor should it, imply the definition of correct-ness or right-ousness. Just take a look at the beneficiaries of the government bail-outs and their board chairmen. If a unanimous bloc determines what is right, we would still be wallowing in the Gov. Faubus ideals of segregation/apartaid, the George Wallace stance on civil rights, and the SkinHead adoption of its social credo. Unanimity is the profound way of passing a decree; it can also be interpreted as one contiguous assortment of assholes. And that leads us to the Rooneys.

  11. kdrtoona says: Dec 17, 2008 8:27 PM

    Lisen Florio,
    Dan Rooney’s a good guy…
    It’s not like he’s got compromising photos of the commissioner engaging in lewd acts and then hired an offensive line coach to send the surely non-existent photos to said commissioner as a shot across the bow.
    Just know your roles and everything would be fine…
    I mean, it’s such a nice professional football league, sure would be shame were somethin’ to happen to it… I’m not saying anythin’, I’m just sayin….

  12. yoyo says: Dec 17, 2008 8:42 PM

    What worries me is that some of these readers are starting to buy Foolio’s rants. I guess he learned from Obama, it doesn’t matter if it’s true, just say it enough times. This shit is getting old real fast.

  13. SteelerGal says: Dec 17, 2008 8:42 PM

    LewD says:
    December 17th, 2008 at 8:16 pm
    “The Rooney’s have more than likely formed a corporation and that single entity is what owns the 30% … ”
    Thank you for stating the obvious to everyone. Geez, could we find something a little LESS worthy of whining about in regards to the Steelers? How about a waterboy getting an F on his term paper or something?
    This is almost the same thing as them opening up a joint bank account, nothing more, nothing less. Together they own 30% of the franchise, this was approved by the NFL and 31 other team owners. If this deal were to take place in any other organization NOBODY WOULD CARE! I know I wouldn’t give a crap.
    How this is a concern to anyone is far beyond me, some of you are getting upset over absolutely nothing at all.

  14. punk8slvr says: Dec 17, 2008 8:46 PM

    here we go again…everybody put on your tin-foil hats and lets all talk about how the rooney’s are buying the league….
    did you ever think that continued ownership by the rooneys is the best possible outcome for the steelers, the city of pittsburgh, and the nfl? if the other 31 owners agreed to the deal so obviously they understand this.
    ohh, and Florio, you forgot to mention that they also agreed to allow the team to carry more debt then the rules call for…or did that not seem appropriate considering the Giants and Jets were given similar concessions when they wanted approval to fund their new stadium…

  15. mrmagoo says: Dec 17, 2008 9:17 PM

    yoyo says:
    December 17th, 2008 at 8:42 pm
    What worries me is that some of these readers are starting to buy Foolio’s rants. I guess he learned from Obama, it doesn’t matter if it’s true, just say it enough times. This shit is getting old real fast.
    ________________________
    Are you crying about the election results or Florio? It’s hard to tell the difference.

  16. CT Stiller says: Dec 17, 2008 9:27 PM

    Florio’s assessment of Jerry Jones’ philosophy that “There’s no such thing as bad publicity” is a bit hypocritcal. For the sake of gaining advertising dollars, he’s doing everything he can to discredit the Steelers organization on a couple of different levels, even sinking to implying the league shows favoritism to them. That’s quite an implication
    But really, what do expect from a shyster? And has anyone else noticed that he’s come up with 3 different reasons to contest the Santonio Holmes TD when his previous argument fell through? After Pereira’s analysis on NFL Network, what’s the over/under on Florio changing his argument to “while the ball does cross the goalline and he has possession of the ball and the line judge’s view was blocked by a player and the video does indeed show indisputable evidence when slowed down, replay is not meant to be scrutinized that much to the extent to which frame-by-frame analysis is necessitated. Therefore, no TD.”?

  17. mrmagoo says: Dec 17, 2008 9:32 PM

    Vox Veritas says:
    December 17th, 2008 at 7:10 pm
    Are you saying that the Steelers don’ have to play by the same rules as the other organizations? After the Super Bowl and the Santonio Holmes non-TD and now this, who would have guessed?
    ________________________________
    That loss must have stung badly, big guy. You sound so bitter.

  18. harrydetroit says: Dec 17, 2008 9:47 PM

    I don’t understand why you still think this is a big deal, Florio. Do you not feel it is in the best interest for the league to keep the Rooney’s in charge of one of its most storied franchises? Especially a family that has been such a huge part of shaping the league into what it is today. Also, as has been mentioned it was a 31-0 vote… if they other owners really didn’t think it was worthy of doing they would have voted against it.
    Give it a rest. I know you are under a lot of pressure to keep coming up with new posts to keep the machine going, but you also lose a lot of credibility when you are always so sensational.

  19. mborz says: Dec 18, 2008 12:22 AM

    Florio, Is it possible to enable voting on the stories you post just like it’s enabled for everyone’s comments?
    I have to say, I’m disappointed that you don’t even mention the 31-0 vote and the fact that Dan Rooney thanked all of the owners for their support. It makes it feel like you’re pushing your angle by being selective about what you’re presenting.

  20. Ben Roethlisbunger says: Dec 18, 2008 12:55 AM

    God didn’t make the 30% rule, the owners did. They can change it too, and they did.

  21. Bmore Styles says: Dec 18, 2008 3:25 AM

    CT Stiller:
    You were on the fortunate end of that questionable TD call and your still crying about it??? And i saw Pereira’s analysis on NFL Network; if you’re saying that the ball obviously crosses the goal line, with possession, when it went frame by frame. You’re effin crazy, for real. I repeat, you’re nuts. I wanted to jump through the screen and slap some truth out of him when i saw it. You expect him not to back HIS refs?? Surely not all teams fan’s are so stubborn and obnoxiously blind to reason?? There’s a whole other world outside of western PA, Steelers’ fans. Sadly, you’ll never get out to see it.

  22. mrmagoo says: Dec 18, 2008 8:52 AM

    Bmore Styles says:
    December 18th, 2008 at 3:25 am
    CT Stiller:
    You were on the fortunate end of that questionable TD call and your still crying about it??? And i saw Pereira’s analysis on NFL Network; if you’re saying that the ball obviously crosses the goal line, with possession, when it went frame by frame. You’re effin crazy, for real. I repeat, you’re nuts. I wanted to jump through the screen and slap some truth out of him when i saw it. You expect him not to back HIS refs?? Surely not all teams fan’s are so stubborn and obnoxiously blind to reason?? There’s a whole other world outside of western PA, Steelers’ fans. Sadly, you’ll never get out to see it.
    ___________________________
    Don’t you have wounds to lick?
    I can’t believe you changed it to the NFL Network. Was there nothing on the Conspiracy Channel? You had to change it to the I can’t accept my team lost for the SECOND time to a superior team channel.

  23. mborz says: Dec 18, 2008 9:03 AM

    @Bmore Styles: Did you see the piece on Football Night In America where Collinsworth had frozen a frame and a line was drawn across the plane of the goal line? The ball was crossing the plane in that frame.
    That being said, I do think it was a very questionable call, as do most people. But honestly, I can also see, given the frame by frame evidence, that it could also be interpreted as a catch. I don’t agree with that interpretation, but I don’t think it’s a ridiculous conclusion.

  24. moonbeam says: Dec 18, 2008 9:09 AM

    didn’t they get bernie madoff’s bid in the mail??
    he’s got a lot of money now.

  25. TheEE says: Dec 18, 2008 9:16 AM

    Here’s the REAL conspiracy story: James Haslam III of Knoxville, Tennessee, is one of the minority owners. Haslam just wrote a big check to fund the University of Tennessee’s new building for the college of buisiness. Why isn’t Florio jumping on this as meaning that Bill Cowher will replace Kiffin as the coach at Tennessee?
    OK, I agree that conspiracy story makes no sense. It makes a much sense as some of the other stuff Florio says, though.

  26. Vox Veritas says: Dec 18, 2008 9:21 AM

    “The Rooney’s have more than likely formed a corporation and that single entity is what owns the 30% … ”
    … which would be a violation of league rules regarding corporate ownership.

  27. Vox Veritas says: Dec 18, 2008 9:24 AM

    “That loss must have stung badly, big guy. You sound so bitter. ”
    Gee, didn’t you notice that I had a problem with the Steelers BEFORE the game?

  28. Pea Tear Griffin says: Dec 18, 2008 10:03 AM

    @BradyGazelle
    Yes preferential treatment. It was a 31-0 vote. Unanimous. No other owner had a problem with it!
    SteelerGal is right. It’s like a joint account. They don’t own 15% each, they own 30% together. Get a clue.

  29. Frank Burns says: Dec 18, 2008 11:41 AM

    Vox Vaginitis says:
    December 17th, 2008 at 7:10 pm
    Are you saying that the Steelers don’ have to play by the same rules as the other organizations? After the Super Bowl and the Santonio Holmes non-TD and now this, who would have guessed?
    —————————————————–
    Translation: “Waaaaah the Steelers beat my Cowboys and I’m still trying to come to terms with my QB being the league’s top CHOKER!
    Waaaahhhhh!”

  30. mrmagoo says: Dec 18, 2008 12:55 PM

    Vox Veritas says:
    December 18th, 2008 at 9:24 am
    “That loss must have stung badly, big guy. You sound so bitter. ”
    Gee, didn’t you notice that I had a problem with the Steelers BEFORE the game?
    _____________________________
    Yes, but I knew that was from the Super Bowl victories.

  31. Bmore Styles says: Dec 18, 2008 2:33 PM

    mborz:
    Thanks for the objective input, but you kinda supported my point…. It was incredibly close, even frame by frame, but it was too hard to tell…. If they wouldv’e called it a TD on the field, so be it. But to say that that replay is irrefutable evidence is a LIE. To watch that Pereira guy slow it down and say it’s clearly a touchdown was truly pathetic, and i hope that other people realized that. It was waaaaay too close, and the call on the field should have never been overturned. If you wanna argue it was a TD, that’s fine, but you can’t argue that it should have been overturned based on the replay. You guys won, what’s so hard about admitting that the Ravens got screwed??

  32. texasPHINSfan says: Dec 18, 2008 2:42 PM

    this doesn’t even address the gambling issue. what about the rooneys’ gambling interests?

  33. mrmagoo says: Dec 18, 2008 4:27 PM

    Bmore Styles says:
    December 18th, 2008 at 2:33 pm
    mborz:
    Thanks for the objective input, but you kinda supported my point…. It was incredibly close, even frame by frame, but it was too hard to tell…. If they wouldv’e called it a TD on the field, so be it. But to say that that replay is irrefutable evidence is a LIE. To watch that Pereira guy slow it down and say it’s clearly a touchdown was truly pathetic, and i hope that other people realized that. It was waaaaay too close, and the call on the field should have never been overturned. If you wanna argue it was a TD, that’s fine, but you can’t argue that it should have been overturned based on the replay. You guys won, what’s so hard about admitting that the Ravens got screwed??
    ________________________
    Waaah. It’s been proven to be the right call and it was blown on the field. You want to win by hook or crook and can’t accept that you lost twice to the AFC North Champs.

  34. SteelerGal says: Dec 18, 2008 5:01 PM

    texasPHINSfan says:
    December 18th, 2008 at 2:42 pm
    this doesn’t even address the gambling issue. what about the rooneys’ gambling interests?
    Art II and Dan Rooney have no connection with any gambling establishments. One of the main reasons for this deal happening was because Dans two brothers own dog and horse racing gambling facilities that have begun to include slots in recent years. This is why they were forced to sell off their shares to Dan and Art II.

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