Tom Reed talks NFL draft, Byron Scott, the Colt McCoy trade and the GOasis – WFNY Podcast – 2013-04-11
April 11, 2013
While We’re Waiting… Carrasco under the scope
April 12, 2013In a statement of ownership transaction released by the team, Jimmy Haslam III’s minority ownership stake in the Pittsburgh Steelers has officially been sold.
The Steelers that in a series of transactions approved by the NFL all of the Steelers stock owned by Haslam has been acquired, the majority of which was purchased by existing Steelers stockholders while the residual portion was purchased by members of the Swank Family, Scott and Russ Swank.
In October of 2012, Mr. Haslam purchased the Cleveland Browns, thus disassociating himself from all Steelers business at that time and authorized Steelers President Art Rooney, II and Morgan Stanley to arrange for the purchase of the Steelers stock owned.
Steelers President Art Rooney, II said, “We appreciate the continued confidence of our Ownership group involving this purchase of stock owned by Jimmy Haslam, and we welcome Scott and Russ Swank to our Ownership group.”
[Related: As the highest-paid player on the Browns, is Joe Thomas’ value diminishing?]
8 Comments
After reading the headline, I was hoping and praying that he had sold it to Randy Lerner.
I’m just going to assume Scott and Russ are related to Hilary and start making “Boy’s Don’t Cry” jokes to Steeler fans.
Randy is much too busy trying to figure out how to keep A.V. from being relegated.
so that’s what happened to Varejao
I was really hoping Jimmy would be asked what he will do with the money, to which he answers “buy new black and gold urinal cakes for the stadium”
Oh yeah, Jimmy Haslam. Whatever happened to him?
I heard he moved back to Tennessee
forgot about Austin Varejao