As the value of NFL franchises increases, some owners will be inclined to take some money off the table. Or a lot.
Dolphins owner Stephen Ross could actually do that.
Via several reports compiled by Daily sports affairsRoss is in talks to sell part of the Dolphins, Hard Rock Stadium and F1 Miami to Ken Griffin, a multi-billion dollar hedge fund manager.
Ross 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 anonymous source who estimates the value of the various assets for sale at more than $7 billion. Valuing the Dolphins based on this calculation is not obvious without knowing the percentage sold and the value attached to it. However, the value of NFL teams has skyrocketed, with the Broncos hitting a record $4.65 billion in August 2022 and the Commanders being sold for $6.05 billion less than a year later. late.
Ross, 83, may also be looking for a potential successor. Bruce Beal was set to take over, but an argument ensued — perhaps in part because of the mess that resulted in a league-imposed punishment for tampering with Tom Brady and Sean Payton. Whoever buys a large chunk of the Dolphins, stadium and local F1 business could emerge with a path to full ownership of each property.