Stephen Ross Says Offers for Miami Dolphins Are Close to $15 Billion

Summary

Stephen Ross discusses succession and ownership of the Miami Dolphins at a Bloomberg Newsmakers event with Caroline Gage. He says the franchise will remain in his family and that offers for the team have approached $15 billion. Ross explains that retaining control and potentially selling a 10–20% stake would let him fund Florida assets, where he expects faster growth than the Dolphins.

• Ross plans to keep the Miami Dolphins in his family.
• Offers for the Dolphins have reached close to $15 billion.
• Ross views the Dolphins as a premier asset and does not want to sell control.
• He may sell a 10–20% minority stake while retaining control.
• Capital from any sale would fund assets and businesses in Florida.
• Ross expects his Florida assets to grow faster than the Dolphins.
• The discussion concerns private sports ownership and Florida development, not public securities.