Stephen Ross Owner of Miami Dolphin
Stephen Ross stated that he intends to sell a piece of the Miami Dolphins due to the recent increase in the value of National Football League teams.
At the FII Priority event in Miami Beach, the billionaire real estate mogul declared, “I’m looking at it now to monetize a portion of it.” “I never imagined we’d get to the valuations that are available today so quickly.”
Bloomberg News claimed that the $6 billion paid for the Washington Commanders by a consortium led by businessman Josh Harris last year would be surpassed by a Miami Dolphins stake sale.
His remarks support earlier rumors that he was trying to sell a small portion of his sports empire, which also owns the Hard Rock Stadium and the F1 Miami Grand Prix in addition to the Dolphins. Ken Griffin, the founder of Citadel, is in talks to buy it, according to a November Bloomberg story.
In 2009, Ross, at eighty-three, spent $1 billion to purchase 95% of the team and another $730 million to renovate Hard Rock Stadium and its environs. Among his other sports endeavors is a soccer commercial rights business that collaborates with La Liga.
The community is looking for an owner who will put in the necessary funds to win, according to Ross, who is valued at $8.6 billion by the Bloomberg Billionaires Index.
During a two-day conference supported by Saudi Arabia’s Public Investment Fund—a significant global investor with over $700 billion in sovereign wealth—Ross made his remarks. Attendees included legislators, businesspeople, athletes, and celebrities like Gwyneth Paltrow. Discussion topics included artificial intelligence, real estate, and sports.
Josh Harris maintained he didn’t overpay for the Commanders, who were at the time the greatest sports transaction in history, only minutes before Ross took the stage.
“People will think back on the Commanders purchase and say, ‘Wow, that was a great deal,'” asserted Harris, who co-founded Apollo Global Management Inc. before starting 26North Partners.
The largest sporting event in the world is scheduled to move to Saudi Arabia in 2034. A day earlier, FIFA President Gianni Infantino made a last-minute appearance at the event from Dubai to promote the 2026 World Cup.
“There are a lot of sports this year because, to be honest, there’s a lot of money in sports,” stated Richard Attias, CEO of the FII Institute, which is responsible for organizing the Miami Beach event.
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