Dolphins Owner Reportedly Exploring Minority Stake Sale

This week, the Miami Dolphins will play in the first-ever NFL Black Friday game against the New York Jets, but there could be even more change on the horizon when it comes to the team’s ownership structure. 

Dolphins owner Stephen Ross is in discussions with billionaire Ken Griffin to come on as a new limited partner in the NFL team, according to a report from South Florida-based sports reporter Andy Slater. The NFL is aware of the talks, per the report. 

Additionally, Griffin would be acquiring minority stakes in Hard Rock Stadium and Formula 1’s Miami Grand Prix.

The Dolphins were valued at $5.7 billion by Forbes earlier this year. It’s unclear what size stake would be acquired by Griffin, who is the founder and CEO of investment company Citadel. Griffin, who moved his company to South Florida, carries an estimated net worth of more than $35 billion.

Ross purchased the Dolphins in 2009 for $1 billion.

A League Trend

The Dolphins are the latest NFL team to explore a minority stake sale.

A battle appears to be emerging in Pittsburgh to acquire a less-than-5% stake in the Steelers previously owned in part by Josh Harris, the new owner of the Washington Commanders.

In Las Vegas, Raiders owner Mark Davis has been trying to sell as much as 10% of the team to Tom Brady, but is facing opposition from fellow team owners for attempting to give the legendary quarterback a steep discount on the purchase price.