Posted on May 01
Posted on May 01
u/alex •
u/alex •
MIAMI, FL -- Miami Dolphins owner Stephen Ross has reportedly turned down a staggering $10 billion offer for majority control of the team, as well as the Formula One Miami Grand Prix and Hard Rock Stadium. The decision to decline the offer stems from Ross's desire to keep ownership within his family, with his daughter Jennifer set to succeed him in 2022.
Ross purchased a controlling share of the Dolphins in 2009 and has since made significant investments in the franchise. In 2015, he poured $500 million into renovations for Hard Rock Stadium, enhancing the fan experience and modernizing the facility. Ross's vision extended beyond football, as he played a pivotal role in bringing the Miami Open tennis tournament and the Miami International Autodrome to the stadium grounds.
While the $10 billion offer would have undoubtedly been a substantial windfall for Ross, his decision to retain ownership reflects his commitment to preserving the Dolphins' legacy within his family. By passing on the lucrative deal, Ross ensures that the team remains under the stewardship of his daughter, Jennifer, who is poised to take over in 2022.
Ross's dedication to succession planning aligns with his long-term vision for the franchise. It also underscores his belief in the importance of familial ties and the preservation of the team's heritage. Despite the considerable financial temptation, Ross's focus remains on maintaining the Dolphins as a family-owned enterprise.
In addition to his efforts in securing the Dolphins' future, Ross's investment in Hard Rock Stadium has elevated the venue's stature. The stadium, known for hosting various sports events, including college and NFL football games, has become a hub for entertainment and philanthropy under Ross's ownership.
Hard Rock Stadium has served as the backdrop for the Dolphins Challenge Cancer fundraiser, an annual event that raises money for critical cancer research and treatment programs. Ross's commitment to giving back to the community through such initiatives demonstrates his dedication to utilizing the stadium's influence for the greater good.
Furthermore, the stadium has become a popular destination for music festivals, attracting renowned artists and drawing crowds from around the world. Ross's vision for Hard Rock Stadium extends beyond football, positioning it as a premier entertainment venue in Miami.
Looking ahead, Hard Rock Stadium is set to play a significant role in the world of soccer. As one of the selected venues for the FIFA World Cup in 2026, the stadium will welcome teams and fans from across the globe to witness the pinnacle of international football.
Ross's investment in the stadium's infrastructure and amenities positions it as a top-tier venue for hosting major sporting events. The inclusion of Hard Rock Stadium in the prestigious FIFA World Cup lineup further solidifies its status as a world-class facility.
Stephen Ross's decision to reject a $10 billion offer for majority control of the Miami Dolphins, Formula One Miami Grand Prix, and Hard Rock Stadium underscores his commitment to preserving ownership within his family. By prioritizing the legacy of the franchise and securing a smooth transition to his daughter Jennifer, Ross sets a precedent for family-oriented stewardship in the world of sports ownership.
Ross's investments in Hard Rock Stadium have transformed it into a multifaceted venue, capable of hosting a wide array of events and creating meaningful partnerships with philanthropic endeavors. The stadium's inclusion in the upcoming FIFA World Cup further solidifies its reputation as a premier destination for global sports spectacles.
As the Dolphins continue their journey under the Ross family's ownership, the legacy and vision of Stephen Ross will serve as a guiding force, ensuring the team's success both on and off the field.
MIAMI, FL -- Miami Dolphins owner Stephen Ross has reportedly turned down a staggering $10 billion offer for majority control of the team, as well as the Formula One Miami Grand Prix and Hard Rock Stadium. The decision to decline the offer stems from Ross's desire to keep ownership within his family, with his daughter Jennifer set to succeed him in 2022.
Ross purchased a controlling share of the Dolphins in 2009 and has since made significant investments in the franchise. In 2015, he poured $500 million into renovations for Hard Rock Stadium, enhancing the fan experience and modernizing the facility. Ross's vision extended beyond football, as he played a pivotal role in bringing the Miami Open tennis tournament and the Miami International Autodrome to the stadium grounds.
While the $10 billion offer would have undoubtedly been a substantial windfall for Ross, his decision to retain ownership reflects his commitment to preserving the Dolphins' legacy within his family. By passing on the lucrative deal, Ross ensures that the team remains under the stewardship of his daughter, Jennifer, who is poised to take over in 2022.
Ross's dedication to succession planning aligns with his long-term vision for the franchise. It also underscores his belief in the importance of familial ties and the preservation of the team's heritage. Despite the considerable financial temptation, Ross's focus remains on maintaining the Dolphins as a family-owned enterprise.
In addition to his efforts in securing the Dolphins' future, Ross's investment in Hard Rock Stadium has elevated the venue's stature. The stadium, known for hosting various sports events, including college and NFL football games, has become a hub for entertainment and philanthropy under Ross's ownership.
Hard Rock Stadium has served as the backdrop for the Dolphins Challenge Cancer fundraiser, an annual event that raises money for critical cancer research and treatment programs. Ross's commitment to giving back to the community through such initiatives demonstrates his dedication to utilizing the stadium's influence for the greater good.
Furthermore, the stadium has become a popular destination for music festivals, attracting renowned artists and drawing crowds from around the world. Ross's vision for Hard Rock Stadium extends beyond football, positioning it as a premier entertainment venue in Miami.
Looking ahead, Hard Rock Stadium is set to play a significant role in the world of soccer. As one of the selected venues for the FIFA World Cup in 2026, the stadium will welcome teams and fans from across the globe to witness the pinnacle of international football.
Ross's investment in the stadium's infrastructure and amenities positions it as a top-tier venue for hosting major sporting events. The inclusion of Hard Rock Stadium in the prestigious FIFA World Cup lineup further solidifies its status as a world-class facility.
Stephen Ross's decision to reject a $10 billion offer for majority control of the Miami Dolphins, Formula One Miami Grand Prix, and Hard Rock Stadium underscores his commitment to preserving ownership within his family. By prioritizing the legacy of the franchise and securing a smooth transition to his daughter Jennifer, Ross sets a precedent for family-oriented stewardship in the world of sports ownership.
Ross's investments in Hard Rock Stadium have transformed it into a multifaceted venue, capable of hosting a wide array of events and creating meaningful partnerships with philanthropic endeavors. The stadium's inclusion in the upcoming FIFA World Cup further solidifies its reputation as a premier destination for global sports spectacles.
As the Dolphins continue their journey under the Ross family's ownership, the legacy and vision of Stephen Ross will serve as a guiding force, ensuring the team's success both on and off the field.