Dolphins Owner Stephen Ross selling a portion of the team?

WQAM-AM / AM 560 Sports WQAM

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00:00He said Stephen Ross may be selling 10% and 3% stake of dolphins

00:04to Ari's management and Joe Cy.

00:07I didn't see that story.

00:08Uh, he's got to recoup a lot of fat cat money that he, uh, he doled out this year.

00:14Wow.

00:15Do you know he is, uh, where the West Palm beach improv was

00:21that big Plaza that it was in?

00:23Yeah.

00:25Stephen Ross knocked it all down, building a high rise.

00:28Oh, trying to get some money back.

00:30I'm telling you

00:31knock down a whole Plaza.

00:33Definitely.

00:33What we need over there is a high rise.

00:35Cause, uh, you know, they did such a great job of filling out

00:37all the occupancy at city place.

00:40So there's four mall stores, you know, we should do build a size skyscraper.

00:46I think when he builds something though, it tends to work out.

00:51He was good at real estate.

00:52Yeah.

00:53CBS said, uh, the best thing about owning an NFL team is that even when the team

00:57is losing the owner, so when, in case of point dolphins, they're currently

01:00struggling owner, Steven Ross is not only a couple of weeks after he was

01:03reportedly looking to sell 15% of the team and other assets at a valuation

01:07of $7 million, he's reportedly selling 13% of the team and other assets at

01:12valuation, uh, at 8.1 billion dollars.

01:17Billion Bloomberg says Ross is an advanced talks to sell 10% of the

01:23hard rock stadium and F one to Ari's management.

01:27One of the pre-approved private equity funds that can buy up to

01:3010% of six different teams.

01:32The other is going to be 3% sold to Joe Cy, who, if you know that

01:36name, he owns the Brooklyn nets and the New York Liberty.

01:41Wow.

01:42Billionaire is getting richer.

01:44Yeah.

01:45Well, he's very rich and we'll write big checks, but he's got, he's got

01:51a nice safety net on all that now.

01:53Yeah.

01:54They'll spend that money.

01:55And he usually does the right thing for his team, but as of right now, it

01:59looks like all the contracts he gave out.

02:01Hey, do you, do you understand in life that sometimes you can make the

02:06right decision and it doesn't work out?

02:10Yeah.

02:10I mean, look at all the guys who, like when you draft that

02:14quarterback as a first pick, look how many times it didn't work out.

02:18And they call their, they call the management or the GM a bum

02:24because he picked so-and-so.

02:26Well, if any of the other 30 teams would have had that pick, they

02:29would have taken the same guy.

02:31So it happens like it was Trevor Lawrence was a can't miss.

02:36I'm just not according to me.

02:40I told you that was a whole time.

02:42I did see it the whole time.

02:44I believe.

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