After extensive assurances not to interfere with the culinary process, former Pa. Governor Ed Rendell today secured majority ownership of Pat’s King of Steaks, a Philadelphia institution.
The news came just hours after another group of local investors purchased the Philadelphia Media Network, which includes Philadelphia Inquirer, the Philadelphia Daily News, and Philly.com. Rendell was initially part of that group, but backed out to pursue the cheesesteak deal.
“The news business is interesting, but I decided to follow up on a deal that was even closer to my heart,” Rendell said, “and my stomach.”
Rendell faced concerns that he might seek unpopular changes at the 80 year-old establishment – he’s noted for preferring extra onions – concerns that he sought to assuage by signing the following pledge:
“The culinary function of the business shall at all times remain independent of the ownership and control of the company, and no owner shall attempt to influence or interfere with culinary policies or cheese decisions.”
But one source close to the buy accused Rendell of playing hardball.
“This is a steal. [Rendell] spent years growing into their top customer – personally accounting for about 15 percent of their business,” the source recounted. “Then, he went on a diet and nearly drove the place into bankruptcy. If you ask me, it was a maneuver to bring down the price.”
Update: gotcha!
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7 Responses
So nice to see a politician work hard and scrape together 4M to buy Pat’s; and Rendell’s head is just as big as his stomach.
Now when Kerry orders swiss cheese on his cheese steak he will get swiss cheese on his cheese steak.
They better not screw up the cheese steaks!
I’ll be mighty PISSED if i drive 2 hours and my sammich ain’t as tasty as its always been!!
Someone please tell this media whore to go away and stay away and inform him he is a legend in his mind, only.
““This is a steal. [Rendell] spent years growing into their top customer – personally accounting for about 15 percent of their business,” the source recounted. “Then, he went on a diet and nearly drove the place into bankruptcy. If you ask me, it was a maneuver to bring down the price.”
rotfl ! What a great way to start the morning out-with a hearty laugh! Thanks
Are you sure this is not a prediction? I hear he only did it so he could do remotes here and have his own Mika steak. A fine polish sausage wit a blonde wiz
Good now all the liberals have a place to eat. They will have to give me a “steak stamp” to ever eat there. I don’t predict a long and successful result. Where did he get the 4Mil?