BREAKING NEWS: Miami Dolphins Owner Stephen Ross to Sell Shares Valued at $6.2 Billion
In a groundbreaking development, Miami Dolphins owner Stephen Ross is poised to sell a substantial portion of his stake in the team, valuing the franchise at an eye-popping $6.2 billion. The transaction involves Brooklyn Nets owners Joe Tsai and Oliver Weisberg, alongside investment group Ares Management. Tsai will acquire a 2.9% share of the team, while Weisberg takes on 0.1%. The remaining shares are slated to go to Ares Management.
This decision marks a pivotal moment for the Dolphins, a franchise with a storied history and a passionate fan base. Ross’s move to reduce his ownership aligns with his long-term vision of diversifying the team’s management structure while ensuring its continued success.
Pending approval from the NFL’s finance committee in December, this deal would make the Dolphins one of the most valuable franchises in professional sports. Fans and analysts alike will be closely watching how this ownership shift impacts the team’s operations, leadership, and performance in the years to come.
Stay tuned for more updates as this story unfolds.