Tag

Stephen Ross

All articles tagged with #stephen ross

business1 year ago

Sports Stars and Private Equity Invest in NFL Teams

The Miami Dolphins have announced a strategic investment deal with Ares Management and Brooklyn Nets owners Joe Tsai and Oliver Weisberg, who will acquire minority stakes in the team and related assets like Hard Rock Stadium and the Formula 1 Crypto.com Miami Grand Prix. Ares will hold a 10% stake, while Tsai and Weisberg will share a 3% interest. This investment aims to support continued growth in Stephen Ross' South Florida sports and entertainment portfolio, with the transaction approved by the NFL and expected to close soon.

sports1 year ago

Dolphins Face Tough Decisions After Chilly Loss to Packers

The Miami Dolphins face a critical decision regarding their leadership after a disappointing season, highlighted by a 1-15 record against teams with winning records. Owner Stephen Ross must decide whether to fire head coach Mike McDaniel or general manager Chris Grier, as the team struggles to compete against stronger opponents. The Dolphins' inability to win key games raises questions about their roster's quality and overall team strategy.

businesseconomic-development1 year ago

"The Surging Growth of Palm Beach's Neighbor Amid Influx of Billionaire Real Estate Investments"

West Palm Beach, once considered the poor neighbor of Palm Beach, has experienced significant economic development, attracting wealthy transplants and businesses, partly due to real estate mogul Stephen Ross and The Related Companies. The area has seen a surge in luxury condo projects, new businesses, and a growing population. However, soaring home prices and gentrification are squeezing middle- and lower-class residents, prompting efforts to address affordable housing and equitable development.

sports2 years ago

Stephen Ross in Talks to Sell Minority Stake in Dolphins and Hard Rock Stadium to Ken Griffin

Miami Dolphins owner Stephen Ross is reportedly in talks to sell a stake in the team, Hard Rock Stadium, and F1 Miami to billionaire hedge-fund manager Ken Griffin. The potential sale, valued at over $7 billion, would allow Ross to generate cash for further investments in sports and real estate. The move could also be a step towards finding a potential successor for the 83-year-old Ross, who may be looking to pass on ownership of the team and its assets.