Miami Dolphins In Talks To Sell A Minority Stake To Ares Management And Billionaire Joe Tsai

Benzinga
Benzinga
  • 2 days ago
The Miami Dolphins are in advanced talks to sell a minority stake to Ares Management and billionaire Joe Tsai. The move valued the assets, including Hard Rock Stadium and the Miami Grand Prix, over $8 billion. The deal was spurred by the NFL's recent rule change allowing private equity investment. Ares is expected to buy 10% of the team, while Tsai is negotiating for 3%.

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