PITTSBURGH (AP) -A billionaire businessman is withdrawing his offer to buy a majority stake of the Pittsburgh Steelers.
Stanley Druckenmiller issued a statement Thursday night saying it has become clear to him that the Rooney family, which owns the Steelers, needs more time to consider its options about the future ownership of the team.
The Rooney family approached Druckenmiller seven months ago about buying their shares to help resolve estate planning and NFL ownership matters. At least three of the five Rooney brothers, sons of team founder Art Rooney Sr., want to sell their equal shares.
The NFL also wants one owner to control at least 30 percent of the team.
Advertisement
Advertisement

Top NFL Public Bets

NFL Top Stories

Thumbnail Steelers vs. Patriots Pick Is the over/under set too high in Sunday's AFC Championship Game between the Steelers and Patriots at 6:40PM ET?
Thumbnail Updated NFL MVP Odds Heading into Championship Sunday, Matt Ryan is a clear favorite to take home this season's NFL MVP Award.
Thumbnail Championship Sunday Vegas Spreads How do Las Vegas oddsmakers view this weekend's championship games in the NFL?
Thumbnail Updated Super Bowl LI Betting Odds And then there were four. What are the odds of the four remaining teams to win this year's Super Bowl?
Thumbnail Pats Open as 6-Point Faves vs. Steelers The Patriots will host the Steelers in the 2017 AFC Championship Game and have opened as nearly touchdown favorites for next Sunday's...

NFL Team Pages