Art Rooney II Complaint Thread

It's really pretty simple. Since Dan backed away from day to day operations, the team has methodically gone downhill.

 

More old info related

NFL owners unanimously approved the restructuring of ownership on December 17, 2008, after Dan & Art II obtained the mandated 30% stake via negotiations. Timothy and Patrick Rooney sold their shares outright. Art Jr. John Rooney reduced their shares from 16% to 6%, and the McGinley family reduced their shares from 20% to 10%.

 

My first billion was the hardest.

 

It is proving to be quite elusive.

 

Not totally elusive

All the gold in California is in a bank in the middle of Beverly Hills

In somebody else's name

 

Ownership restructuring
In July 2008 the Rooney family went public with the plan to reorganize the ownership structure of the franchise. Each of the five Rooney brothers owns 16% of the team, combining for 80%, while another related family, the McGinleys, own 20%. Dan Rooney, chairman, stated that his four brothers are moving towards other non-football-related business ventures and he is in talks with them to buy out their shares. However, the other four brothers believe Dan undervalued their shares, and hired Goldman Sachs to give them an estimate on the team. The estimate by Goldman Sachs valued the team between $800 million and $1.2 billion. One potential buyer has been identified, Stanley Druckenmiller, the Pittsburgh billionaire who is the chairman of Duquesne Capital Management and a former money manager for George Soros. Talks to restructure the ownership continued for two years to comply with NFL ownership policies and ensure ownership and operation under the Rooney family. The four brothers' ventures with family race tracks that allow slot machines violate NFL rules of ownership with revenue from gambling enterprises. The ownership structure also violated the NFL rule stating that at least one individual must own 30% of the team to be the principal owner, and no individual owns at least 30% of the team. The team did not expect the negotiations to have any effect on the players or fans.

NFL owners unanimously approved the restructuring of ownership on December 17, 2008, after Dan & Art II obtained the mandated 30% stake via negotiations. Timothy and Patrick Rooney sold their shares outright. Art Jr. John Rooney reduced their shares from 16% to 6%, and the McGinley family reduced their shares from 20% to 10%. Also coming on as partners were Pilot Corporation & Pilot Travel Centers president Jim Haslam III (who would later relinquish his stake upon purchasing the rival Cleveland Browns), Legendary Pictures president & CEO Thomas Tull, and the Paul Family of Pittsburgh, an influential Pittsburgh family (Ampco-Pittsburgh Corp., serves on numerous boards, including University of Pittsburgh Medical Center and University of Pittsburgh), each getting a 16% stake in the team.[9] Dan Rooney mentioned he has no ill will towards Druckenmiller, mentioning he's a great Steelers fan and wishes he remains one.

The Steelers later announced on March 23, 2009, that they added three more investors to the team, the most notable of which is Hall of Fame wide receiver John Stallworth. The other two investors added were GTCR chairman Bruce V. Raunerand the Varischetti Family of Brockway, Pennsylvania, which owns several nursing homes and a commercial real estate business. The deal to add all six new investors was finalized in May 2009.[10]

 

So if you're dreaming about California
It don't matter at all where you played before, California's a brand new game