Stephen Ross Sets NFL Valuation Record With Latest Dolphins Stake Sale
Miami Dolphins owner Stephen Ross agrees to sell a 2.1% stake to billionaire Jean Eric Salata, setting a new NFL-record valuation exceeding $12.5 billion.
POLICY WIRE — Miami, USA — Miami Dolphins principal owner Stephen Ross has entered into an agreement to divest a further minority interest in the franchise and its associated business entities.
According to reporting from Ben Fischer of the Sports Business Journal, Chilean billionaire Jean Eric Salata is set to acquire a 2.1 percent stake in the organization. The transaction values the team and its affiliated assets at slightly more than $12.5 billion, establishing a new record for a minority ownership stake within the NFL.
This latest deal follows a previous transaction from earlier this year, in which Ross sold a one percent interest in the team to Lin Bin at a $12.5 billion valuation. The current agreement, which encompasses the team and its affiliated businesses, remains subject to formal approval by NFL team owners.
Reporting by Policy-Wire (PW)
