SBD/Issue 129/Franchises

Stallworth Among Three New Steelers Investors Approved By NFL

John Stallworth Joins
Steelers Ownership Group
NFL owners yesterday approved Pro Football HOFer John Stallworth, venture capital firm GTCR Golden Rauner Chair Bruce Rauner and the Varischetti family as new partners in the Steelers organization, according to a front-page piece by Ed Bouchette of the PITTSBURGH POST-GAZETTE. Steelers Chair Dan Rooney and President Art Rooney II now have added six new investors to the franchise since December, as the NFL already approved Ampco-Pittsburgh Owners the Paul family, Pilot Travel Centers President James Haslam III and Legendary Pictures Chair Thomas Tull. The transfer agreement of Steelers ownership among the Rooney family was set to close before March 31, but "with the addition of new investors the closing will be postponed until May." Art Rooney II said that "two or three more partners could be added by then." Stallworth, who played for the Steelers for 14 seasons, also serves as the President & CEO of investment firm Genesis II. Stallworth in '06 sold Alabama-based IT company Madison Research Corp. The Varischetti family has "substantial involvement in many businesses," including Guardian Elder Care Holdings, which has 23 nursing facilities mostly in Pennsylvania (PITTSBURGH POST-GAZETTE, 3/24). The total investment stake of the new investors "was not disclosed." In Pittsburgh, Scott Brown notes the Varischetti family also is involved in VSI Racing, which fields an entry in the NASCAR Nationwide Series (Pittsburgh TRIBUNE-REVIEW, 3/24).

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