Report: Majority stake of Dolphins not for sale
Majority control of the Miami Dolphins is not up for sale, a source told ESPN's Marcel Louis-Jacques.
Questions regarding owner Stephen Ross' interest in selling his stake arose earlier Wednesday following a report that he turned down a $10-billion offer for control of the team, the Formula 1 Miami Grand Prix, and Hard Rock Stadium, according to USA Today's Safid Deen.
The deal would've surpassed the record-setting $6.05-billion sale of the Washington Commanders in 2023. The Dolphins were worth $5.7 billion in 2023, according to Forbes' Mike Ozanian and Justin Teitelbaum.
Ross turned down the offer because he wants to keep the assets within his family, per Deen. He named his daughter, Jennifer, his successor in 2022.
The 83-year-old Ross bought a controlling share of the Dolphins in 2009. He's spent nearly $1 billion since 2008 to provide sizable upgrades to Hard Rock Stadium. The venue has hosted major sporting events such as college and NFL games and the Miami Open. It'll also host World Cup matches in 2026.
Ross and Dolphins CEO Tom Garfinkel were key in establishing the Miami Grand Prix, one of three U.S. F1 events, in 2022.