- Stephen Ross could be offloading a piece of the Dolphins to a fellow billionaire
- Ross paid $1billion for 95 percent of the franchise in 2009
- DailyMail.com provides all the latest international sports news
Billionaire Ken Griffin is in discussions to buy a minority stake in the Miami Dolphins, Hard Rock Stadium and the F1 Miami Grand Prix, according to a new report.
The Dolphins have been owned by real estate magnate Stephen Ross since 2009.
And according to Fox Sports 640’s Andy Slater, Ross could welcome Griffin to the table as well, with the hedge fund tycoon ready to invest his massive fortune into South Florida.
As noted by Joe Pompliano, Griffin purchased a $107million home in Miami last year – the most expensive house in the history in the city.
While the deal has not yet been finalized, Ross is considering it to bring in more money to fund additional sports and real estate investments, Slater wrote, citing an unnamed source.
Ken Griffin (left) could purchase a minority piece of the Miami Dolphins from Stephen Ross
The deal would also include a stake in the Miami Grand Prix, which Ross acquired in 2021
The Miami Dolphins – seen during a game vs. the Las Vegas Raiders – are 7-3 this season
Ross also owns Relevent Sports Group, which organized Premier League and La Liga tours in the USA last summer.
Ross’ net worth is estimated to be $10.1billion by Forbes, while Griffin’s is pegged at a whopping $35.2billion.
The Dolphins owner paid $1billion for 95 percent of the franchise in 2009, while he became the owner of the Miami Grand Prix in 2021. Ross also invested $730million into Hard Rock Stadium and its surrounding properties, according to the team’s website.
The team is now valued at $5.7billion.
Griffin, meanwhile, (unsuccessfully) joined forces with the Chicago Cubs’ Ricketts family to try and purchase Chelsea last year.
The Dolphins are 7-3 this season.