"Miami Dolphins owner Steve Ross publicly stated his succession plan for the franchise and presented a stunning number of an offer received for the franchise and surrounding assets in a fireside chat with Bloomberg on Wednesday. Ross, 85, affirmed he wants to keep the Dolphins within the family and pointed to son-in-law Daniel Sillman to run the franchise after him."
"In December 2024, the Dolphins and Ross announced a landmark deal of a limited interest sale of the team and related assets to Ares Management and Brooklyn Nets owners Joe Tsai and Oliver Weisberg. Ares acquired a 10 percent stake, while Tsai and Weisberg together took a 3 percent interest in the Dolphins, F1 Miami and the stadium. The deal granted Ross liquidity for continued investment into the Dolphins, additional sports assets and South Florida real estate."
Steve Ross, 85, affirmed that he intends to keep the Miami Dolphins in the family and named son-in-law Daniel Sillman as his successor to run the franchise. Ross said he rejected an offer close to $15 billion for the Dolphins, Hard Rock Stadium and the F1 Miami Grand Prix, while the team alone was valued at more than $7.5 billion in 2024. Sillman has increased influence, leading the general manager search that hired Jon-Eric Sullivan, and is part of a group conducting the head coach interview process. Ross sold limited stakes to Ares, Joe Tsai and Oliver Weisberg to gain liquidity for further investment.
Read at Sun Sentinel
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