Steve Ross Sells 1 Percent of Dolphins at Stunning Valuation

Steve Ross sells 1 percent of Dolphins at stunning valuation

Miami Dolphins owner Stephen Ross agrees to sell 1 percent of the team and surrounding assets to Chinese billionaire Lin Bin at a record valuation.

Report: Chinese billionaire buys Dolphins stake at $12.5B valuation

Chinese-American tech billionaire Lin Bin purchased a small stake in the Miami Dolphins at a valuation of $12.5 billion, a record for a publicly known minority transaction, Sportico reported Tuesday.Bin is acquiring a 1% stake in the holding company that owns the Dolphins, Hard Rock Stadium, Formula 1's Miami Grand Prix and part of the Miami Open tennis tournament.The previous top valuation for a minority transaction was $10 billion, set in Octo…

Chinese Billionaire Lin Bin Buys 1% of Dolphins at a $12.5 Billion Valuation

Chinese Billionaire Lin Bin Buys 1% of Dolphins at a $12.5 Billion Valuation   Sportico is reporting that Lin Bin, who co-founded the Chinese consumer electronics company Xiaomi, is purchaing 1% of the Miami Dolphins (and other assets such as Hard Rock Stadium, and the F1 race in Miami) at $12.5 million valuation. This deal will be for a record valuation for a publicly known minority transaction. The NFL’s finance committee has already approved …

Chinese Billionaire Buys Miami Dolphins Stake at $12.5B Valuation

The Miami Dolphins are adding a new limited partner to their ownership group at a record valuation for a publicly known minority transaction, according to multiple people familiar with the matter. Lin Bin, the co-founder and vice chairman of Chinese consumer electronics company Xiaomi, has reached an agreement to buy a 1% stake in the […]