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Commanders' Owners Sell Steelers Stake Due to NFL Rules

Josh Harris and David Blitzer, owners of the Washington Commanders, have sold their stake in the Pittsburgh Steelers, complying with NFL ownership regulations.

Overview

  • Josh Harris and David Blitzer sold their 4.8% stake in the Pittsburgh Steelers, valued at over $4 billion, to Art Rooney II and Thomas Tull.
  • The sale was necessitated by NFL rules prohibiting ownership in multiple teams, following their acquisition of the Washington Commanders.
  • The Steelers, valued at $4.63 billion by Forbes, have seen their value increase by over 50% since Harris and Blitzer's initial investment in 2020.
  • The deal, still pending approval from 24 of the NFL's 32 team owners, marks a significant change in the Steelers' ownership dynamics.
  • Despite a challenging season for the Commanders, with a 4-13 record in 2023, the owners are hopeful for a turnaround with the No. 2 overall pick in the 2024 NFL draft.