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Xiaomi Co‑Founder Buys 1% of Dolphins at $12.5 Billion Valuation

The price underscores how bundling a stadium with marquee events can vault a franchise’s paper value.

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FILE - Xiaomi Executive Director and President Lin Bin is seen at a news conference in Hong Kong on June 23, 2018. (AP Photo/Kin Cheung, File)
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Overview

  • Bin Lin is purchasing a minority, non‑controlling 1% stake in the Miami Dolphins’ holding company, with NFL approval granted Tuesday and closing expected in the coming days.
  • The stake covers the NFL team plus Hard Rock Stadium, Formula 1’s Miami Grand Prix, and a share of tennis’s Miami Open under the same ownership umbrella.
  • The $12.5 billion figure marks the highest valuation tied to a minority stake in professional sports, according to reports citing the team and league.
  • At that valuation, Lin’s slice implies a price near $125 million, reflecting the value of the team packaged with venue and event businesses.
  • Owner Stephen Ross framed the move as fuel for growth in South Florida, extending a strategy that included 2024 sales to Ares Management funds (10%) and to Joe Tsai and Oliver Weisberg (3%), while Lin brings a Xiaomi, Microsoft, and Google pedigree to the investor group.