• Loading stock data...
Friday, June 27, 2025
Front Office Sports Launches Front Office Sports Studios Learn More

New Bidder Emerges For Josh Harris’ Minority Steelers Stake

  • Washington Commanders owner Josh Harris is divesting in stake in the Pittsburgh Steelers.
  • At least two billionaires are now reported to be interested in acquiring the stake.
Syndication: Beaver County Times

The Pittsburgh Steelers are still sorting out who will purchase the minority team stake that Josh Harris had to divest when he became the new owner of the Washington Commanders — and a new player is in the mix.

Michael Rees, co-president of alternative investment asset management company Blue Owl Capital, is the latest billionaire interested in acquiring the Steelers stake, according to Bloomberg. 

Previously, current Steelers minority investor Thomas Tull, a billionaire entrepreneur, was reportedly trying to increase his stake in the team by purchasing the stake up for grabs.

Before leading the $6.05 billion deal for the Commanders, Harris and longtime business partner David Blitzer were limited partners with the Steelers, holding a stake that represented less than 5% of the franchise. The Steelers are worth an estimated $4.63 billion, making a 5% stake worth about $232 million. Harris and Blitzer acquired their Steelers equity in 2020, investing a reported $140 million.

Bringing on Rees as a new co-owner would require the same vetting to which all incoming minority and majority NFL investors are subject, while selling the Steelers stake to Tull would be a simpler process since he’s already in the fold. It’s unclear if there will be any bidding battle between the two men or any other interested parties.

Harris is not the only former Steelers shareholder to become a full-fledged NFL team owner. David Tepper held a 5% minority stake in Pittsburgh before purchasing the Carolina Panthers for $2.27 billion in 2018.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Bengals Strike 10-Year, $470M Stadium Deal to Stay in Cincinnati

The NFL franchise and Hamilton County have agreed to a new lease.

Pac-12 Rebuild Nears Completion With 2026 Texas State Addition

The Sun Belt school is likely joining the Pac-12 in 2026.

Ace Bailey’s Strategy May Have Cost Him $9M—and Preferred Team

Bailey reportedly wanted to go to the Wizards, Pelicans, or Nets.

Featured Today

Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.
Mar 15, 2025; Fort Worth, TX, USA; UAB Blazers forward Yaxel Lendeborg (3) dribbles the ball upcourt against the North Texas Mean Green during the first half at Dickies Arena
June 22, 2025

NIL Is Shrinking the Pool of NBA Draft Entrants

Agents are now advising many players to stay in school.
Apr 24, 2025; Green Bay, WI, USA; Penn State Nittany Lions defensive end Abdul Carter on the red carpet before the 2025 NFL Draft at Lambeau Field
June 21, 2025

‘More Is More’: The Elite Luxury Jewelers Decking Out Athletes

Meet the elite group of luxury designers crafting the biggest statement pieces.
Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.
June 15, 2025

Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble

The revamped soccer event debuts amid controversy.

MLB’s Hottest Team May Not Be Able to Host Playoff Games

The club’s temporary home in Tampa isn’t equipped for normal postseason demands.
June 25, 2025

Cooper Flagg Goes No. 1 to Dallas, Capping Mavs’ Rapid Rebuild

The expected selection extends a wild turn of events for Dallas. 
December 30, 2024; Santa Clara, California, USA; San Francisco 49ers quarterback Brock Purdy (13) celebrates after scoring a touchdown against the Detroit Lions during the second quarter at Levi's Stadium.
June 26, 2025

California Finds Money for World Cup, but 49ers Remain Tens of Millions..

The NFL team promised to cover costs of games at their stadium.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
June 25, 2025

Mavs Reset Takes Shape With Kyrie Locked In, Flagg Incoming

The Mavericks are expected to select Cooper Flagg with the No. 1 pick.
June 24, 2025

How the Celtics Cut $500M Roster Bill Nearly By Half in 1..

Boston is now under the second tax apron for next season.
exclusive
June 24, 2025

Fever and Bonner Heading for a Breakup? Here’s What We Know

The Fever are exploring options as DeWanna Bonner seeks a fresh start.
Mar 11, 2025; New Orleans, Louisiana, USA; New Orleans Pelicans guard CJ McCollum (3) reacts after a three-point basket against the Los Angeles Clippers during the fourth quarter at Smoothie King Center.
June 24, 2025

Wizards Acquire CJ McCollum to Set Up $100M in 2026 Cap Space

About $110 million will come off the Wizards’ books next year.