Tuesday, July 8, 2008
Pittsburgh Steelers is being shoped arround.
A disagreement between the five sons of the Pittsburgh Steelers founder and their heir , is leading to talks about the family selling the team. In a statement issued yesterday, the team said that the Steelers Chairman Dan Rooney, the oldest of the founder's five sons, want to buy out some of his four brothers who want to get out of the NFL , and keep the team in the city.
In case you were wondering why would anyone want to part with such a storied franchise in the lucrative business that is the NFL , well some reports suggest that some of the brothers and their heirs want to put their focus on their racetracks ownership among others things.
Me , I am suspecting a more logical reason : with metal prices reaching record highs, the team can fetch more sold as scrap , than the NFL revenues sharing can provide.
In case you were wondering why would anyone want to part with such a storied franchise in the lucrative business that is the NFL , well some reports suggest that some of the brothers and their heirs want to put their focus on their racetracks ownership among others things.
Me , I am suspecting a more logical reason : with metal prices reaching record highs, the team can fetch more sold as scrap , than the NFL revenues sharing can provide.
Labels: Pittsburgh Steelers
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