Sports franchises are becoming increasingly valuable, and the NFL is the best example of this trend.
The Pegula family was reportedly planning to sell about 25% of the Buffalo Bills franchise for an estimated $1 billion as recently as last month. According to Safid Deen of USA Today, Stephen Ross, the owner of the Miami Dolphins, has reportedly received a $10 billion bid for both the team’s home field, Hard Rock Stadium, and the Miami Grand Prix of Formula One.
Ross allegedly turned down the offer because he wanted to keep the assets in his family, but even so, that’s a sizable amount that exceeds previous records in the sports industry.
The Dolphins alone were valued by Forbes in August of last year at $5.7 billion, and that number is expected to climb in the years to come. The franchise is now worth 24% more than it was in 2024.
Folding in the Miami Grand Prix is an interesting wrinkle to the transaction, given the current rise in popularity in F1 racing. The first two Miami-based race editions are projected to have brought in a total of $798 million.
Ross has decided to cling onto his assets for the time being, but it might only be a matter of when—rather than if—he sells the Dolphins for a record-breaking price.
Leave a Reply