Miami Dolphins Deal Talks Gain Momentum

Published On Sep 13, 2024, 7:58 AM

Miami Dolphins owner Stephen Ross is negotiating to sell a stake in the team following new NFL rules that permit certain private equity firms to invest. Ross seeks a valuation exceeding $7 billion, offering as much as 15% of the Dolphins alongside partial ownership of the Miami Grand Prix and Hard Rock Stadium. This marks his second attempt after a previous deal with billionaire Ken Griffin fell through in April. The transaction might gain approval at a December NFL owners meeting, which could set new value benchmarks for other NFL franchises.

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The potential sale of a stake in the Miami Dolphins, especially under new valuation metrics, suggests a positive outlook for NFL teams' market valuations. With Ross seeking high-profile investors and additional assets in the deal, it could lead to an uptick in interest and financial stability for the Dolphins.

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