Home / Sports / Record $12.5B Deal for Dolphins, Stadium, and Events
Record $12.5B Deal for Dolphins, Stadium, and Events
1 Apr
Summary
- Xiaomi co-founder Lin Bin buys a 1% stake in the Dolphins.
- The deal values the team, stadium, and events at $12.5 billion.
- This is the highest valuation for a minority sports transaction.
Lin Bin, co-founder and vice chairman of Xiaomi, is set to acquire a 1% interest in the Miami Dolphins. The deal, approved by the NFL and expected to close shortly, values the team and associated assets at an unprecedented $12.5 billion. This record valuation marks the highest for any minority transaction in professional sports history.
The purchase encompasses not only the Dolphins franchise but also Hard Rock Stadium, the Formula 1 Miami Grand Prix, and the Miami Open tennis tournament. Bin, a prominent figure in consumer electronics, expressed his privilege in investing in the sports business established by Stephen Ross.
Owner Stephen Ross, who originally purchased the Dolphins in 2009 for $1 billion, has previously engaged in minority sales. Recent transactions include investments from Ares Management funds, Joe Tsai, and Oliver Weisberg in 2024. The Dolphins are currently undergoing an organizational rebuild with new leadership in the general manager and coaching positions.
