Reports have emerged that Ken Griffin is in active negotiations to acquire a minority stake in the Miami Dolphins, a notable strategic move that could see him join the ranks of finance magnates who hold part ownership of teams in the National Football League. The news has been reported by Bloomberg Law.
The current owner, Stephen Ross, is said to be considering offloading part of the Dolphins alongside stakes in the Hard Rock Stadium and the F1 Miami Grand Prix to Griffin, the details of this potential business venture are known by insiders familiar with the matter. Ross, a wealthy real estate developer, could use any funds from the sale to reinvest in other sports-orientated opportunities. His ample portfolio already includes Relevent Sports Group, a soccer enterprise.
This acquisition can provide Griffin with a doorway into the world of lucrative sports assets, bringing a new dimension to his investment portfolio. As no agreement has been reached yet, representatives for both Griffin and Ross have chosen not to comment on the ongoing negotiations.