Miami Dolphins and Hard Rock Stadium owner Stephen Ross in negotiations to sell shares

[Saxum]

 

Quote

Miami Dolphins and Hard Rock Stadium owner Stephen Ross is in advanced talks with Ares Management Corporation and Brooklyn Nets owner Joe Tsai to sell stakes in the Dolphins, Hard Rock Stadium, F1's Miami Grand Prix and the Miami Open for a (whopping) $8.1 billion valuation.

https://www.privateequitywire.co.uk/ares-closing-in-on-dolphins-deal-at-8-1bn-valuation/

 

Original source is Bloomburg which requires subsciption.

 

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Ares Management is one of four private equity groups that have been approved to invest in NFL franchises

 

[BillnutinHouston]

Ross is giving up, and rightly so.

 

$8B is not a bad golden parachute.

Edited October 3, 2024 by BillnutinHouston

[Royale with Cheese]

I will buy part of the Dolphins and then extend all their bad players.

[Sojourner]

so it seems he’s selling shares of each of those that will total $8b and not just the dolphins franchise itself?

[Mr. WEO]

2 hours ago, Saxum said:

 

https://www.privateequitywire.co.uk/ares-closing-in-on-dolphins-deal-at-8-1bn-valuation/

 

Original source is Bloomburg which requires subsciption.

 

 

 

how are 10% of the Dolphins, a once a year car race, a 40 year old stadium and a lower tier tennis tournament worth 8 billion?

[Captain_Quint]

2026 is a big year for them.

 

World Cup, F1 Race, Super Bowl, College National Championship, plus all the regular stuff. 

[Warcodered]

Rich guy decides to offload rotting fish.