Sports Stars and Private Equity Invest in NFL Teams
TL;DR
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.
- Miami Dolphins Announce Sale of Limited Interest to Ares Management MiamiDolphins
- Ex-NBAers Carter, McGrady join Bills ownership ESPN
- Even Private Equity Bows at the Altar of the NFL Slate
- Bills owner Pegula on Toronto after Carter, McGrady investments: 'That's our market' Sportsnet.ca
- Buffalo Bills welcome 10 new limited partners to ownership group BuffaloBills.com
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