Stephen Ross Says Offers for Miami Dolphins Are Close to $15 Billion

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Transcript

00:00How are you thinking about the ownership structure of the Dolphins long term?

00:04You pointed out, obviously, you still have control.

00:07How are you thinking about succession these days?

00:11Well, I mean, I'm fortunate I have.

00:14I mean, I'm going to keep it in the family.

00:17My son-in-law, who is, I think, he's involved in sports.

00:23He had worked for me before he married my daughter.

00:25So, he really makes me, he is terrific, and he will kind of run it, will stay in the family.

00:31I mean, I don't think there's a better asset, you know.

00:34People say, I know what I've been offered.

00:36I mean, numbers you wouldn't believe, but you look at it.

00:39What kind of numbers? I'll be curious.

00:41I mean, well, I mean, close to $15 billion.

00:46Pretty high numbers.

00:47Yep.

00:48You know, but, you know, you say, where would you put the money?

00:52You know, then what am I going to, what would I do with it?

00:54I mean, but putting the money into the assets and providing the capital for the things we're doing here in Florida,

01:02one, I don't have to go all around looking for equity, you know.

01:06And at the same time, I think the growth of that is much greater than the team.

01:12And so, if I sell 10, 20%, I have total control, and I also have all the capital to fuel the businesses.

01:19And I think, you know, and, you know, fortunately, I'm able to really, you know, being involved in South Florida,

01:27make the kind of, the idea of what I see happen, you know.

01:31You know, and so it's good fuel.

01:33And so, it's good fuel.

01:35I think.