MIAMI GARDENS, Fla. – Miami Dolphins owner Stephen Ross is reportedly considering selling part of the team.
The Dolphins wouldn’t comment on the report, but a source tells Local 10 News that Ross is in initial talks with potential investors into selling a minority stake of the team, Hard Rock Stadium and Formula 1.
The source made it clear Ross is not looking to sell the team, but instead looking to raise additional funds to further invest in real estate and sports.
AM 640 radio host Andy Slater was the first to report that Ross was in discussions with hedge fund manager Ken Griffin about buying a minority stake.
SLATER SCOOP: Dolphins owner Stephen Ross is in talks to sell a minority stake in the team, Hard Rock Stadium, and F1 Miami to hedge-fund manager Ken Griffin, multiple sources tell me.
— Andy Slater (@AndySlater) November 21, 2023
The NFL is also aware, sources say.
Griffin is worth $35B, Forbes shows. pic.twitter.com/6j3trrrHX5
The Dolphins meanwhile have a Black Friday game this week on the road against the New York Jets.
Miami enters the game in first place in the AFC East holding a 7-3 record.