Miami Dolphins owner Stephen Ross negotiates $8.1bn stake sale, Ares Management and Joe Tsai as potential buyers.
Miami Dolphins owner Stephen Ross is in advanced negotiations to sell stakes in the team and related assets, valued at $8.1 billion. Ares Management is set to acquire a 10% stake, while Joe Tsai, owner of the Brooklyn Nets, will purchase 3%. This deal could mark the NFL's first private equity transaction under new ownership rules. Approval is sought at the league's December owners meeting, though negotiations are ongoing.
October 03, 2024
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