As the value of NFL franchises go up and up and up, some owners will be inclined to take a little money off the table. Or a lot.
Dolphins owner Stephen Ross could indeed be doing that.
Via multiple reports compiled by Sports Business Daily, Ross is in talks to sell a piece of the Dolphins, Hard Rock Stadium, and F1 Miami to Ken Griffin, a multi-billionaire hedge-fund manager.
Ross reportedly hopes to use the potential sale to generate cash that can be used to make more investments in sports and real estate.
Forbes cites an unnamed source who places the value of the various assets for sale as being north of $7 billion. The valuation of the Dolphins based on that calculation isn’t readily apparent without knowing the percentage being sold and the value attached to it. However, NFL teams have been skyrocketing in value, with the Broncos going for a record $4.65 billion in August 2022 and the Commanders being sold for $6.05 billion less than a year later.
The 83-year-old Ross also could be looking for a potential successor. Bruce Beal had been on track to take over, but a falling out occurred — possibly due in part to the mess that resulted in a league-imposed punishment for tampering with Tom Brady and Sean Payton. Whoever buys a major chunk of the Dolphins, the stadium, and the local F1 venture could emerge with a path toward full ownership of each property.
