While the Miami Dolphins’ 1-3 start means bad news for the product on the field, the business aspect appears to be still booming. When Miami Dolphins owner Stephen Ross was announced as looking to sell a portion of the franchise hit, fans and analysts had no clue when that sale might occur. However, just weeks later, it appears that a deal is coming sooner rather than later.
Miami Dolphins Owner Stephen Ross Nears Sale Of Chunk Of Franchise
The deal would see 10 percent of the assets going to Ares Management, one of the NFL-approved private equity funds allowed to purchase stakes in teams. The remaining 3 percent is likely to be sold to Joe Tsai, owner of the Brooklyn Nets and the New York Liberty. This transaction could be one of the first major sales to private equity since the league gave the green light for such moves in August.
The goal is to finalize the deal by the NFL’s December 2024 ownership meetings. As Ross makes these significant off-field plays, it’s clear he’s finding success, even if the team is still searching for theirs.
What It Means For Miami Dolphins Fans
According to a source close to Miami Dolphins owner Stephen Ross, he plans to use the proceeds from his latest sale to further invest in South Florida real estate and expand his presence in the sports industry. For Dolphins fans, this could mean more resources poured back into the team and the local community, enhancing both the game-day experience and the overall footprint of the franchise in Miami.
Ross, as the CEO of Related Companies and the owner of Hard Rock Stadium, holds a unique position among NFL owners—he not only owns the team but also controls its home venue. This gives him the flexibility to generate additional revenue from high-profile events like the Miami Grand Prix and the Miami Open, creating a steady flow of income that ultimately supports the Dolphins’ operations. The team’s $673 million in revenue from 2023 is just one example of how this setup helps Ross funnel profits back into the franchise.
Earlier this year, Ross rejected a massive $10 billion offer to sell full control of the Miami Dolphins, Hard Rock Stadium, and the F1 Miami Grand Prix, signaling his dedication to keeping the team within his family. This long-term commitment is promising for fans, as it suggests continued investment in the team’s facilities, roster, and overall fan experience. From stadium upgrades to improving the talent pool, Ross’ strategy could lead to a brighter future for Dolphins Nation.
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