Bleed Bills Blue Posted July 8, 2008 Share Posted July 8, 2008 http://online.wsj.com/article/SB1215463977...ews_us_business Seems to be the eventual outcome for all "family owned" businesses. 75 years is a long time. Wegman's has lasted for over a hundred, so it's possible the Rooneys can keep it going a while longer. Check out the cool slide show, btw (and don't worry, we're not in any of the pics ). Link to comment Share on other sites More sharing options...
ganesh Posted July 8, 2008 Share Posted July 8, 2008 Actually, very different situations The steelers are ensuring that the team remains within the family, by buying from other family members who are involved in the gambling business. The steelers have a great succession in place and the team leaving the Rooney family's hands is a pipe dream. Link to comment Share on other sites More sharing options...
East Brady Posted July 9, 2008 Share Posted July 9, 2008 Actually, very different situations The steelers are ensuring that the team remains within the family, by buying from other family members who are involved in the gambling business. The steelers have a great succession in place and the team leaving the Rooney family's hands is a pipe dream. Breaking news down here in the burgh, some venture capitalist named Drunkenmiller # 91 on the Forbes list is set to purchase 64% stake in the Steelers ending the Rooney's control of the franchise. Apparently good ol' Dan is trying to raise the funds to purchase at least a 45% stake in the team with another 30% stake to be purchase over the next 10 years. As of right now after watching the evening news the Rooney regime may be coming to an end, presser to be held Wednesday AM. If the news reports prove accurate that the deal is done, this would truly be a sad day in Steeler country. Link to comment Share on other sites More sharing options...
nucci Posted July 9, 2008 Share Posted July 9, 2008 Actually, very different situations The steelers are ensuring that the team remains within the family, by buying from other family members who are involved in the gambling business. The steelers have a great succession in place and the team leaving the Rooney family's hands is a pipe dream. That is incorrect. The other Rooneys are looking outside the family to see if they can get more than what the remaining brothers who want to keep the team will pay. There is no succession plan in place. Link to comment Share on other sites More sharing options...
stuckincincy Posted July 9, 2008 Share Posted July 9, 2008 Breaking news down here in the burgh, some venture capitalist named Drunkenmiller # 91 on the Forbes list is set to purchase 64% stake in the Steelers ending the Rooney's control of the franchise. Apparently good ol' Dan is trying to raise the funds to purchase at least a 45% stake in the team with another 30% stake to be purchase over the next 10 years. As of right now after watching the evening news the Rooney regime may be coming to an end, presser to be held Wednesday AM. If the news reports prove accurate that the deal is done, this would truly be a sad day in Steeler country. Link to comment Share on other sites More sharing options...
KRC Posted July 9, 2008 Share Posted July 9, 2008 I would hate to see Dan and Art II lose control of the Steelers. Having spent time with Dan in his office last year, I know that there is nobody more committed to their team and to their city than Dan Rooney. I know that posters here talk about how Ralph is committed to the team and to the city. When I spoke with Ralph, I did not get the same intensity that I got from Dan. That is not saying that Ralph is not committed to the team or the city, because he is. I just put Dan on another level from Ralph. I think that family tradition has something to do with it. Dan has known nothing other than the Steelers and the NFL all of his life. That is not the case with Ralph. Let's hope that Dan and Art II can find a way to keep the Steelers under Rooney control. Link to comment Share on other sites More sharing options...
Lori Posted July 9, 2008 Share Posted July 9, 2008 http://www.post-gazette.com/pg/08190/895537-66.stm It is unclear just how much interest Druckenmiller would own in the franchise, but, according to a source who is a friend of Druckenmiller, he has been approached about possibly purchasing the shares of at least two or three of the Rooney brothers. The source said Druckenmiller is only interested in providing investment capital to the Rooney family and would let Dan Rooney run the team "as long as he wants." He also said it has been Druckenmiller's "lifelong dream" to be one of the Steelers' owners. Link to comment Share on other sites More sharing options...
Beerball Posted July 9, 2008 Share Posted July 9, 2008 http://www.post-gazette.com/pg/08190/895537-66.stm I would hate to see the Rooney family lose control of that team, but at least on the surface Druckenmiller is saying the right things. Hopefully the family can work this out, but since millions are involved I wouldn't hold my breath. Link to comment Share on other sites More sharing options...
Miyagi-Do Karate Posted July 9, 2008 Share Posted July 9, 2008 I would hate to see the Rooney family lose control of that team, but at least on the surface Druckenmiller is saying the right things. Hopefully the family can work this out, but since millions are involved I wouldn't hold my breath. Agreed. From what I've heard, the guy is a die-hard Steelers fan. I would think he'd appreciate how important it is for the Rooneys to run the show. Link to comment Share on other sites More sharing options...
stuckincincy Posted July 9, 2008 Share Posted July 9, 2008 http://www.post-gazette.com/pg/08190/895537-66.stm From the article by Mr. Dulac, Pittsburgh Post-Gazette 07/08/08... ..."When the USGA told Oakmont it would not bring a U.S. Open back to the club until a new bridge was built over the Pennsylvania Turnpike, Druckenmiller agreed to pay for the bridge as long as his donation remained anonymous. Druckenmiller paid between $500,000 and $800,000 for the bridge.". That strikes me as odd. In May, a heavy transport truck carrying an overweight load (legally - permits, escorts) broke away and wiped out 2 vertical support girders of an overpass on the CIN I-275 loop. Repair costs exceed the above figure by a fair amount. I have no direct knowledge, but IMO, putting a new overpass over the Pike or any limited access highway is subject to long study. And again with no specific knowledge about how these things are funded, I'm not aware of a mechanism that accepts private donations for such a public work. Link to comment Share on other sites More sharing options...
Lori Posted July 9, 2008 Share Posted July 9, 2008 A pedestrian bridge, Cincy: http://www.post-gazette.com/pg/08191/895721-66.stm Link to comment Share on other sites More sharing options...
stuckincincy Posted July 9, 2008 Share Posted July 9, 2008 A pedestrian bridge, Cincy:http://www.post-gazette.com/pg/08191/895721-66.stm I re-read and see. I missed pedestrian and accept correction. However, given a State's bureaucracy and primacy, I still wonder how a private citizen can pay to construct a bridge over a patch of part of the Interstate Hwy. System, that with serendipity, benefits a particular private organization...one wonders regardless, how an "anonymous" contribution is now public. Who is this guy? Why is he altruistic? Does he have an agenda in his back pocket? Dunno - I smell a rat. Of course I can be wrong. Link to comment Share on other sites More sharing options...
Beerball Posted July 9, 2008 Share Posted July 9, 2008 Who is this guy? Why is he altruistic? Does he have an agenda in his back pocket? Afterall, you weren't born yesterday! Link to comment Share on other sites More sharing options...
stuckincincy Posted July 9, 2008 Share Posted July 9, 2008 Afterall, you weren't born yesterday! Well - if I were - I would begin to re-populate Texas! Link to comment Share on other sites More sharing options...
R. Rich Posted July 9, 2008 Share Posted July 9, 2008 Well - if I were - I would begin to re-populate Texas! It could only help that state. Link to comment Share on other sites More sharing options...
stuckincincy Posted July 9, 2008 Share Posted July 9, 2008 (edited) It could only help that state. "Out in the West Texas town of El Paso I fell in love with a Mexican girl. Night-time would find me in Rosa's cantina; Music would play and Felina would whirl. Blacker than night were the eyes of Felina, Wicked and evil while casting a spell. My love was deep for this Mexican maiden; I was in love but in vain, I could tell." Actually, Odessa TX would be my destination. Edited July 9, 2008 by stuckincincy Link to comment Share on other sites More sharing options...
Beerball Posted July 9, 2008 Share Posted July 9, 2008 It could only help that state. There are many fine people that live in Texas--more than live in San Diego in fact. Link to comment Share on other sites More sharing options...
Lurker Posted July 9, 2008 Share Posted July 9, 2008 I re-read and see. I missed pedestrian and accept correction. However, given a State's bureaucracy and primacy, I still wonder how a private citizen can pay to construct a bridge over a patch of part of the Interstate Hwy. System, that with serendipity, benefits a particular private organization...one wonders regardless, how an "anonymous" contribution is now public. It's a pretty narrow bridge, actually (about two golf carts wide). Since Oakmont owns the land on both sides of the highway and the foot traffic is all related to the course (rather than the general public), the only involvement of the state would likely be related to the 'air rights.' Seems doable, even for a state bureaucracy. Link to comment Share on other sites More sharing options...
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