1-3 and still worth nearly $10 billion… Wild.
The Miami Dolphins‘ on-field product might be horrendous, but owner Stephen Ross is still raking in the cash. Just two weeks ago, Ross reportedly wanted to sell 15% of the franchise, among other assets, for $7 billion. Fast forward to now, and Ross is now raking in $8.1 billion by selling just 13% in comparison. (RELATED: ‘Smells Like P*ss’: Anonymous NFL Player Absolutely Obliterates Steelers’ Acrisure Stadium In Poll)
According to Bloomberg.com’s Randall Williams, Ross is currently in upgraded conversations with Ares Management to sell them 10% of the Dolphins franchise, Hard Rock Stadium, as well as the F1 Miami Grand Prix. Ares is allowed as a pre-approved private-equity fund, per the NFL, to purchase at least 10% of a team and can do so with up to six different franchises.
The remaining 3% will be dealt to Joe Tsai, who currently owns the Brooklyn Nets (NBA) and New York Liberty (WNBA).
Miami Dolphins owner Stephen Ross is in advanced talks with PE firm Ares and billionaire Joe Tsai to sell stakes in the NFL team and other assets at a valuation of $8.1 billion https://t.co/hAJ52kyXZi
— Bloomberg (@business) October 2, 2024
I knew this was eventually coming, I think all Dolphins fans did. Ross has been trying to flash up the team for years now in an attempt to sell them, and here we are.
Quite frankly, I’m all for it. Stephen Ross might look good on paper as an owner, but this is the same guy who hired Chris Grier as the general manager who only had a plan for a year or two (just like he only had a one-player plan with quarterback Tua Tagovailoa), and as you see, we’re currently collapsing as a result. Like, seriously, how are we this bad with this much talent? How is Mike McDaniel, a friggin’ genius, looking like … well … he’s not? How are we this atrocious without ONE player?
Just sell the damn team, Stephen. All of it. I’m over it at this point. (Thank God for the Miami Hurricanes in college football)
