Rooney family

Source: Wikipedia, the free encyclopedia.

The Rooney family is an Irish-American family known for its connections to the sports, acting, and political fields. After emigrating from Ireland in the 1840s, it established its American roots in Pittsburgh, Pennsylvania in the 1880s.

The Rooneys are primarily known for having been the majority owners and operators of the

Dan Rooney, a former United States Ambassador to Ireland. Front office operations have passed from Dan Rooney to his son and current team president, Art Rooney II
, in 2017 upon the death of Dan Rooney.

The family members who have had the most influence in the Steelers organization are:

  • Art Rooney: team founder
  • Dan Rooney
    : former team chairman
  • Art Rooney Jr.: current vice president and former personnel director
  • Art Rooney II: current team president and representative at owners meetings

Steelers ownership

The Rooneys have been credited for much of the team's success.[2] The fundamental approach of the Rooneys to managing the franchise has largely been through patience and consistency, both of which the ownership is renowned for. An example of the team's stability is that there have been only three head coaches employed since 1969, the fewest for any team in American professional sports during that time frame. This approach has proven to be rewarding, given that the Steelers have won six Super Bowls in the post AFL–NFL merger era – with all three coaches (Chuck Noll, Bill Cowher, and Mike Tomlin) having won at least one Super Bowl and two AFC championships apiece – and the team being a playoff contender in most years.

Dan Rooney's influence as chairman of the league's diversity committee made it a requirement for any team seeking a new head coach to include an interview with at least one ethnic minority candidate during that process. For this reason, the practice has become known as the "Rooney Rule
".

Mara connection

The Rooneys are also related to the Mara family, part-owners and founders of the New York Giants. The Mara family name used to be O'Mara and their Rooney family ancestors originate in Newry, County Down.[4][5]

Actresses

Yonkers Raceway in Yonkers, New York since 1972.[6][7] The Mara sisters are the great-granddaughters of both New York Giants founder Tim Mara and Pittsburgh Steelers founder Art Rooney.[8]

Notable family members

Ownership restructuring

In July 2008 the Rooney family went public with the plan to reorganize the ownership structure of the franchise. Each of the five Rooney brothers owns 16% of the team, combining for 80%, while another related family, the McGinleys, own 20%. Dan Rooney, chairman, stated that his four brothers are moving towards other non-football-related business ventures and he is in talks with them to buy out their shares. However, the other four brothers believe Dan undervalued their shares, and hired Goldman Sachs to give them an estimate on the team. The estimate by Goldman Sachs valued the team between $800 million and $1.2 billion. One potential buyer has been identified, Stanley Druckenmiller, the Pittsburgh billionaire who is the chairman of Duquesne Capital Management and a former money manager for George Soros. Talks to restructure the ownership continued for two years to comply with NFL ownership policies and ensure ownership and operation under the Rooney family. The four brothers' ventures with family race tracks that allow slot machines violate NFL rules of ownership with revenue from gambling enterprises. The ownership structure also violated the NFL rule stating that at least one individual must own 30% of the team to be the principal owner, and no individual owns at least 30% of the team. The team did not expect the negotiations to have any effect on the players or fans.

NFL owners unanimously approved the restructuring of ownership on December 17, 2008 after Dan & Art II obtained the mandated 30% stake via negotiations. Timothy and Patrick Rooney sold their shares outright. Art Jr. John Rooney reduced their shares from 16% to 6%, and the McGinley family reduced their shares from 20% to 10%. Also coming on as partners were

Legendary Pictures president & CEO Thomas Tull, and the Paul Family of Pittsburgh, an influential Pittsburgh family (Ampco-Pittsburgh Corp., serves on numerous boards, including University of Pittsburgh Medical Center and University of Pittsburgh), each getting a 16% stake in the team.[9] Dan Rooney mentioned he has no ill will towards Druckenmiller, mentioning he's a great Steelers fan
and wishes he remains one.

The Steelers later announced on March 23, 2009, that they added three more investors to the team, the most notable of which is Hall of Fame wide receiver John Stallworth. The other two investors added were GTCR chairman Bruce V. Rauner and the Varischetti Family of Brockway, Pennsylvania, which owns several nursing homes and a commercial real estate business. The deal to add all six new investors was finalized in May 2009.[10]


Awards and honors

Lombardi Trophy
in 2006.
Dan Rooney was named an honorary CBE in 2008 (left), while Rep. Tom Rooney received two Army Commendation Medals during his stint in the U.S. Army (right)

Sports

Military

  • Honorary CBE – Dan
  • Two-time
    Army Commendation Medal
    recipient – Tom

Acting

Political offices held

References

  1. Newspapers.com
    .
  2. ^ "The San Diego Union-Tribune - San Diego, California & National News". San Diego Union-Tribune. Retrieved April 19, 2023.
  3. ^ "The Pittsburgh Press - Google News Archive Search". news.google.com. Retrieved April 19, 2023.
  4. ^ Millar, John (September 28, 2008). "Hollywood Star Pays Tribute To Stone Of Denisty Nationilst". Sunday Mail. Retrieved on October 4, 2008.
  5. ^ Rooney Mara, Kathleen (2008). "940 by Kathleen Rooney Mara". Pittsburgh in Words. Archived from the original on July 27, 2011. Retrieved October 10, 2010.
  6. ^ Staple, Arthur (January 30, 2009). "Rooney Mara links NFL's two royal families". Newsday. Retrieved on January 31, 2009.
  7. ^ "Eileen Hawthorn Engaged to Wed T. J. Rooney Jr". The New York Times. November 5, 1989.
  8. ^ "Steelers, Giants memorabilia auctioned to help Kenyan orphans". December 11, 2008. Pittsburgh Post-Gazette. Retrieved on December 11, 2008.
  9. ^ "NFL owners approve altered Pittsburgh Steelers ownership". ESPN.com. December 17, 2008.
  10. ^ Yahoo News [dead link]
  11. ^ Pennsylvania General Assembly official profile of James P. Rooney, retrieved August 22, 2023