Miami Dolphins owner Stephen Ross recently faced a tempting offer: a staggering $10 billion for the Dolphins group, including the Hard Rock Stadium and the rights to the Formula One Miami race. Despite the eye-watering figure, Ross has decided against selling, emphasizing a desire to keep the assets within his family, reports Safid Deen.
The bid, which underscores the immense market value and interest in the franchise and its related properties, was not enough to persuade Ross to part ways with his sports and entertainment empire. Having acquired the majority stake in the Dolphins in 2009 for around $1 billion, Ross, who now holds 95% ownership with the remaining share held by Wayne Huizenga, has seen his investment grow exponentially in both financial and cultural terms.
Under Ross’s stewardship, the Dolphins have had a mixed performance record, reaching the playoffs only thrice without securing a single postseason victory. The franchise, longing for its past glory, has not tasted playoff success since the year 2000.
Despite these challenges, Ross’s commitment to the team appears unwavering, especially with the potential he sees in offensive stars like Jaylen Waddle and Tyreek Hill to overturn the team’s fortunes. The next opportunity for playoff victory and beyond lies in the 2024 season, which Ross and the Dolphins community are eyeing with optimism.
This turn of events is a clear indicator of the intrinsic value and emotional attachment owners have with their sports teams, surpassing even the most lucrative financial inducements. For Stephen Ross, the Dolphins are evidently more than just an asset; they’re a legacy he’s not ready to relinquish.