Overview
- The reported agreement values the Dolphins’ holding company at more than $12 billion, with some outlets citing a $12.5 billion mark.
- The stake covers the entity that owns the Miami Dolphins, Hard Rock Stadium, the Formula 1 Miami Grand Prix and a portion of the Miami Open.
- The price sets a new public high for an NFL minority-ownership transaction, topping last year’s New York Giants benchmark.
- Controlling owner Stephen Ross has previously sold minority interests, including 10% to Ares Management and 3% to Joe Tsai and Oliver Weisberg at an $8.1 billion valuation in 2024.
- Lin Bin is the co-founder and vice chairman of Xiaomi with a Forbes-estimated net worth of $10.4 billion, and representatives for the parties did not provide comment.