| Report: Agreement reached on Steelers sale |
|
PITTSBURGH (AP) -Pittsburgh Steelers chairman Dan Rooney's four brothers have agreed to sell a controlling stake of the team to him and his son, the Pittsburgh Tribune-Review reported. Patrick and Art Rooney Jr. confirmed the deal in a story posted on the paper's Web site Friday night. They and their other two brothers - Timothy and John - could get a total of $750 million after debt is taken out, according to the report. Art Rooney Jr. said the brothers hope to get the deal wrapped up before a board meeting in December. Both sides want to get a deal done by then because they are worried about possible higher taxes once the Obama administration is in office. ``It's a good deal. I'm happy for Dan. I'm happy for the rest of the family. I think young Art, Dan's son, will do a fine job,'' Patrick Rooney told the paper. ``I think we're doing the right thing.'' Art Rooney II, Dan's son, is the team president. er, Hall of Famer Art Rooney Sr., bought the franchise in 1933 for $2,500. Several brothers wanted to focus their business efforts on racetracks and other non-football interests. The family owns racetracks in New York and Florida and has added forms of gaming that are inconsistent with NFL gambling policy, but Dan Rooney has no interests in the racing industry. The Rooney family has owned the team since its inception, except for a brief period in 1941 when Art Rooney Sr. sold the team to Alexis Thompson and bought into the Philadelphia Eagles. Rooney regained control of his hometown Steelers in less than a year. |
Manny Pacquiao and Miguel Cotto square off for the WBO Welterweight Title on Saturday, Nov. 14 from the MGM Grand in Las Vegas, Nev. Get up to date odds on this title fight. 
The World Golf Championships hosts the HSBC Champions from Sheshan International in Shanghai, China. Check out the odds for this event. 
The 2009 NFL season heads into Week 9, highlighted by a Monday night matchup that featues the Steelers vs. the Broncos. 
The NASCAR Sprint Cup Series heads to Texas Motor Speedway this week for the Dickies 500. 
Fedor Emelianenko will face Brett Rogers in Emelianenko's U.S. primetime television debut this Saturday on CBS. Check out the odds for all the MMA action.
Week 10 in the college football is highlighted by key battles in the SEC and Big Ten. Check out all the odds for this week's games. 
The 26th running of the Breeders Cup takes place on Nov. 6 and 7 from Santa Anita Park in Arcaida, California.