The Dolphins’ biggest transaction of the spring is reportedly already agreed to — and it’s coming off the field
…the valuation was HOW MUCH?
The Miami Dolphins are reportedly going to be welcoming a new face to their ranks in the near future.
Yes, there will be new players added to the roster this upcoming week when free agency opens up— but a new report from Sportico has unveiled a completely different kind of signing that is reportedly on the horizon for the Miami Dolphins. Lin Bin, a Chinese billionaire, has reportedly agreed to terms on a purchase for 1% of the Miami Dolphins. The most notable part of this development isn’t the purchase. It’s the price. Sportico has reported that the sale of 1% ownership comes at a $12.5 billion overall valuation.
The Dolphins are reportedly selling 1% of their ownership stake at a $12.5 BILLION valuation
The Miami Herald’s Barry Jackson confirmed the purchase and, additionally, the valuation for a whopping $12.5 billion. Majority owner Stephen Ross has built up quite a sports mecca in South Florida, as the grounds of Hard Rock Stadium are also home to events like the Miami Open and F1’s Miami Grand Prix.
Bin joins a recent surge in purchases for ownership stake in the Dolphins; a 3% purchase announced late in 2024 to an ownership group ran tandem to a private equity purchase that bought 10% stake in the team, too.
The deal is pending approval from NFL owners. With the league’s annual spring owner’s meetings right around the corner, it would seem as though the I’s will be dotted and the T’s crossed on this business dealing sooner rather than later. And once it is, the focus will come back to the Dolphins’ on-field product to make sure the valuation of the franchise continues to soar. The way they do that? Winning, of course.