Miami Dolphins principal owner Stephen Ross agreed to sell another minority stake in the team and its affiliated businesses, continuing a series of transactions dating to December 2024.
First reported by Sports Business Journal on Friday, Ross agreed to sell 2.1% of the Dolphins, along with pieces of Hard Rock Stadium, the F1 Hard Rock Miami Grand Prix, and the organization’s interest in the Miami Open tennis event, to Chilean billionaire financier Jean Eric Salata.
Salata, worth $8.4 billion according to Forbes, will reportedly acquire the stake at a valuation slightly above $12.5 billion.
– Field Level Media – Professional sports content solutions reports »