BREAKING: Dolphins Owner Stephen Ross Looking to Sell Stake to Private Equity Firm – What Does it Mean for the Team?

In a shocking move, Miami Dolphins majority owner Stephen Ross is reportedly looking to sell a percentage of the team to a private equity firm, according to a report from Andrew Ross Sorkin of the New York Times.

The report states that Ross is in talks with private equity firms, including Arctos Partners, to sell a stake with a valuation of the Dolphins at $7 billion.

This news comes just last month after Forbes estimated the franchise to be worth $6.2 billion.

The NFL recently changed its ownership rules to allow as much as 10 percent of a franchise to be owned by a private equity fund.

However, Ross is looking to offload as much as 15 percent of his stake, which would require “wealthy individual partners” to help private equity buyers exceed the 10 percent cap.

The stake would also reportedly include partial ownership of the Miami Grand Prix, the Formula One race, and Hard Rock Stadium.

But what does this mean for the Dolphins? Not much, as the team has consistently shown a willingness to spend money and provide players with the resources they need to succeed on the field. However, it could mean that Ross has the capital to bring more European soccer teams to play matches in South Florida.