Stallworth part of investing team

Chuck Noll always told his players to get ready for their life's work. Who could've imagined at the time that one of those players would become a team owner? Read below for the details.

At a league meeting today in Dana Point, Calif., the NFL's 32 clubs approved three more partners to join the Steelers ownership group.

Bruce V. Rauner, Chairman of GTCR Golder Rauner, LLC, Hall of Famer and former Steelers player John Stallworth, President and CEO of Genesis II, and the Varischetti family were approved at today's meeting (bios of each partner attached).

Rauner, Stallworth and the Varischetti family join James Haslam III, the Paul family and Thomas Tull as new partners with Dan and Art II to help maintain the Rooney family ownership of the Steelers.

The agreement among the Rooney family for closing the transaction was originally set to take place before March 31, 2009, but with the possible addition of new investors the closing will be postponed until May, 2009.


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