Miami Dolphins hit $12.5B valuation as Xiaomi Vice Chairman Lin Bin enters NFL ownership circle
Miami Dolphins owner Stephen M. Ross has sold a one per cent stake in the franchise's parent company for $125 million, valuing the team at a record $12.5 billion. Chinese Billionaire and Xiaomi vice chairman Lin Bin is the buyer. The stake is held by the Dolphins' parent company, which also controls Hard Rock Stadium, the Miami Grand Prix, and part of the Miami Open tennis tournament. That broader asset base strengthens the valuation argument.
Miami Dolphins owner Stephen M. Ross has sold a one per cent stake in the franchise's parent company for $125 million, valuing the team at a record $12.5 billion. Chinese Billionaire and Xiaomi vice chairman Lin Bin is the buyer. The stake is held by the Dolphins' parent company, which also controls Hard Rock Stadium, the Miami Grand Prix, and part of the Miami Open tennis tournament. That broader asset base strengthens the valuation argument.
