Stephen Ross could possibly be offloading a bit of the Dolphins to a fellow billionaireRoss paid $1billion for 95 p.c of the franchise in 2009DailyMail.com supplies all the most recent worldwide sports activities newsBy Jake Nisse For Dailymail.Com Revealed: 22:29 GMT, 21 November 2023 | Up to date: 22:55 GMT, 21 November 2023
Billionaire Ken Griffin is in discussions to purchase a minority stake within the Miami Dolphins, Exhausting Rock Stadium and the F1 Miami Grand Prix, in accordance with a brand new report.The Dolphins have been owned by actual property magnate Stephen Ross since 2009.And in accordance with Fox Sports activities 640’s Andy Slater, Ross might welcome Griffin to the desk as nicely, with the hedge fund tycoon prepared to take a position his large fortune into South Florida. As famous by Joe Pompliano, Griffin bought a $107million residence in Miami final 12 months – the costliest home within the historical past within the metropolis.Whereas the deal has not but been finalized, Ross is contemplating it to usher in extra money to fund extra sports activities and actual property investments, Slater wrote, citing an unnamed supply. Ken Griffin (left) might buy a minority piece of the Miami Dolphins from Stephen Ross The deal would additionally embrace a stake within the Miami Grand Prix, which Ross acquired in 2021 The Miami Dolphins – seen throughout a recreation vs. the Las Vegas Raiders – are 7-3 this seasonRoss additionally owns Relevent Sports activities Group, which organized Premier League and La Liga excursions within the USA final summer season. Ross’ web value is estimated to be $10.1billion by Forbes, whereas Griffin’s is pegged at a whopping $35.2billion.The Dolphins proprietor paid $1billion for 95 p.c of the franchise in 2009, whereas he grew to become the proprietor of the Miami Grand Prix in 2021. Ross additionally invested $730million into Exhausting Rock Stadium and its surrounding properties, in accordance with the staff’s web site.The staff is now valued at $5.7billion. Griffin, in the meantime, (unsuccessfully) joined forces with the Chicago Cubs’ Ricketts household to attempt to buy Chelsea final 12 months.The Dolphins are 7-3 this season.
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Billionaire Ken Griffin ‘in talks with Stephen Ross to purchase a minority stake within the Miami Dolphins, Exhausting Rock Stadium and the F1 Miami Grand Prix’