Business Photo Slideshows

Steelers' Wheel of Fortune

Photo by Scott Boehm/Getty Images

The Pittsburgh Steelers are reportedly being shopped. One possible buyer is Stanley Druckenmiller, once the chief investment strategist for George Soros who now runs his own hedge fund. If the Steelers end up with Druckenmiller, it would be the latest example of a team owner coming from the world of hedge funds, private equity, and Wall Street. Here's a look at the new money in sports:

The Dollar Green Machine

Photo by Nathaniel S. Butler/NBAE/Getty Images

The Boston Celtics were N.B.A. champions. But its roster of owners are financial all-stars. It includes Wyc Grousbeck of Highland Capital Partners (holding trophy), Stephen Pagliuca of Bain Capital, David Bonderman, a founder of Texas Pacific Group, now TPG, James Pallotta, a hedge fund manger at Tudor Investment, and Jim Breyer, a venture capitalist and early Facebook investor.

Turnaround Story

Photo by Newscom

The Tampa Bay Rays have gone from worst to first. Stuart Sternberg, left, was a senior partner of the specialist trading firm Spear, Leeds & Kellogg in 2000, when it was bought by Goldman Sachs. Four years later, he and five other former partners bought a majority stake in the team, and have since taken a more budget- and youth-minded approach to running a baseball team. Now if only more fans would show up.

In the Driver's Seat

Photo by Mark J. Rebilas

It is one of the most storied names in racing. Last month, the private equity firm Boston Ventures acquired a majority stake in Petty Enterprises, a team led by Richard Petty that dates from the start of Nascar in 1949. The investment gives the Petty team the capital it needs to compete in a sport where running a car can cost as much as $20 million.

Over a Hedge

Photo by Elise Amendola/AP

In 2002, a group of investors led by John Henry, left, a commodities trader and hedge fund manager, acquired the Red Sox, which had not won a World Series since 1918, when it was owned by a theatrical impresario. During his Henry's tenure, the Sox have since won two Series, while Henry has had his ups and downs in the commodity markets.

Devils' Advocate

Photo by Ed Mulholland/US Presswire

Jeff Vanderbeek ran Lehman Brothers' risk-management and fixed-income departments before retiring in 2004 at the age of 46. Now he is running the New Jersey Devils. The owner managed to get a new arena (the $375 million Prudential Center in Newark) for his team before the Yankees and Mets open their new stadiums.

Buying Out W.

Photo by Ronald Martinez/Getty Images

Tom Hicks, the former chief executive of the private-equity firm Hicks, Muse, Tate & Furst, bought the Texas Rangers in 1998 for $250 million from 32 partners, including George Bush, then the governor and now president. Hicks also owns the Dallas Stars hockey team.

Seeing Red

Photo by Shaun Botterill/Getty Images

Hicks' interest in sports teams has taken him far from Texas. He once owned two soccer teams in Brazil, Corinthians and Cruzeiro. In 2007, Hicks, at left, and George Gillett, the owner of the Montreal Canadiens, bought Liverpool (18 times English soccer league champions, although the last was in 1990) for $340 million. The two partners, however, have feuded with each other.