Miami Dolphins in Talks to Sell Minority Stake to Ares Management and Joe Tsai

The potential $8.1 billion deal would mark the first private equity investment in an NFL team since new rules were approved.

Miami Dolphins owner Stephen Ross is negotiating to sell a 10% stake to Ares Management and a 3% stake to billionaire Joe Tsai.
The deal, which values the Dolphins and related assets at $8.1 billion, includes Hard Rock Stadium and the Miami Grand Prix.
This would be the first private equity investment in an NFL team following a rule change allowing such transactions.
Ross has previously turned down a $10 billion offer to maintain control of the team within his family.
Joe Tsai, owner of the Brooklyn Nets and other sports teams, is expanding his investments in the sports industry.