Miami Dolphins Owner Stephen Ross Sells Minority Stake in Team and Assets

The 10% sale to Ares Management and 3% to Nets owners Joe Tsai and Oliver Weisberg aims to support growth in sports and real estate ventures.

Stephen Ross, owner of the Miami Dolphins, sold a 13% minority, non-controlling stake in the team, Hard Rock Stadium, and related assets, including the Formula 1 Miami Grand Prix and Miami Open.
The investment group includes Ares Management, which acquired a 10% stake, and Brooklyn Nets owners Joe Tsai and Oliver Weisberg, who jointly hold 3%.
The sale, approved by the NFL, is intended to fuel further growth in Ross' South Florida-based sports, entertainment, and real estate portfolio.
Ross retains majority control of the Dolphins, with Bruce Beal Jr. continuing as vice chairman and partner, and plans to pass ownership to his daughters in the future.
Ares and Tsai bring extensive experience in sports investments, with interests in MLS, NBA, and international franchises, enhancing the Dolphins' long-term strategic goals.