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View Full Version : Druckenmiller issues ultimatum



RussBII
09-15-2008, 07:43 PM
http://www.profootballtalk.com/2008/09/ ... -deadline/ (http://www.profootballtalk.com/2008/09/15/druckenmiller-issues-a-deadline/)



KDKA-TV in Pittsburgh reports that billionaire Stanley Druckenmiller has issued a deadline to the brothers of Dan Rooney regarding Druckenmillerís offer to buy their interest in the team.

The deadline is Friday, September 19.

Until then, Druckenmillerís offer to pay the four brothers $800 million in cash (tens and twenties?) will be on the table.

Each of the five sons of Art Rooney own 16 percent of the team. If Druckenmiller buys out four of them, heíll own 64 percent of the team, and thus will acquire controlling interest.

The problem is that the Rooneys have delayed accepting the offer as Dan and his son, Art II, have tried to put together a package that equals or exceed the Druckenmiller deal.

Dan Rooney, per KDKA, has made three offers to his brothers, and he is expected to make a fourth.

Another possibility is for the Rooney brothers to dump any gambling interests that violate league rules and then sell their interest in a few years, when the value of the franchise will be even higher.

If so, they might have to do it by finding a buyer other than Druckenmiller. And there simply arenít many Pittsburgh guys with that kind of jack.

Meanwhile, the continued failure of the league to impose a deadline on the Rooneys for solving the problem will do little to alter the perception in some league circles that the Rooneys are getting special treatment. The belief is that many other franchises would have been given an immediate order from the NFL to get the problem solved. The clear perception (and reality) in this case is that the league is trying its best to keep the franchise ultimately in the hands of Dan Rooney.

Whats this mean? Who knows.. Maybe he's seeing the writing on the wall, what w/ the NFL pretty much declaring for Rooney...

Oviedo
09-16-2008, 09:29 AM
We will end up being sorry if the Rooney brothers don't accept Druckenmiller's offer.

$800M and NO DEBT.

Then you have to wonder if Druckmiller has any money left after the Wall Street meltdown :shock: