Stephen Ross in Talks to Sell Stake in Miami Dolphins, Hard Rock Stadium, and F1 Miami Grand Prix
The sale, involving potential investors like Ken Griffin, could exceed the recent $6.05 billion sale of the Washington Commanders, given the high revenue these properties generate.
- Billionaire Stephen Ross is in preliminary talks to sell a significant, non-voting stake in the Miami Dolphins, Hard Rock Stadium, and F1 Miami Grand Prix.
- Potential investors include hedge fund billionaire Ken Griffin and others who are currently examining the assets.
- The sale could exceed the $6.05 billion sale for full ownership of the Washington Commanders in July, considering the substantial revenue these properties generate.
- The Miami Dolphins was valued at $5.7 billion in August, with an operating income of $111 million for the 2022 season.
- Ross is reportedly looking to invest more in sports and real estate, and the sale is intended to provide capital for these future investments.