whaaaaa?
The Wall Street Journal reports that the Steelers may change or restructure their management. The Steelers website confirms some talk of restructuring, but nothing about an outside buyer.
Steelers Chairman Dan Rooney, the eldest of the brothers, wants to consolidate his control through a 10-year plan to buy out most of their shares, but a well-funded prospective buyer has emerged after some of Mr. Rooney’s brothers and their children raised questions about his offer.
Stanley Druckenmiller, billionaire chairman of Pittsburgh’s Duquesne Capital Management, has expressed interest in acquiring the Steelers, people briefed on the negotiations said.
This isn’t something I ever thought I’d see. Hopefully it’ll work out for the best.
July 16th, 2008 at 5:46 pm
Should I be worried about this? I’m having a hard time getting information about what exactly is going on.
July 16th, 2008 at 9:49 pm
I really don’t know. It’s pretty hard to tell, but I feel like it’s not going to be a big change.