According to local radio station Fox Sports 640, billionaire hedge fund manager Ken Griffin is in talks to buy a minority stake in the NFL’s Miami Dolphins and their home stadium, as well as the F1 Miami Grand Prix.
According to the New York Post, Griffin, who relocated his firm Citadel to Florida last year, is in talks with Stephen Ross, 83, who owns all three properties.
Ross paid $1.1 billion for the Dolphins from Wayne Huizenga in 2009, which was seven times what Huizenga paid for the team in 1994. Forbes values the Dolphins at $5.7 billion, making them the NFL’s 11th most expensive team.
Owners of the Washington Commanders, formerly the Redskins, David Blitzer and Josh Harris are reportedly looking to sell their minority stake in the Pittsburgh Steelers.
Dean Spanos, who owns 24% of the Los Angeles Chargers, is also looking to sell his stock.
Griffin is constructing a $1 billion Miami waterfront complex that will serve as Citadel’s headquarters, and he is planning a $1 billion mansion in Palm Beach for himself.
He recently told Bloomberg that he sees Miami eventually dethroning New York as the world’s financial capital.
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