After Miami Dolphins owner Stephen Ross reportedly received and then rejected a $10 billion offer for the team, Hard Rock Stadium and the Formula One Miami Grand Prix, the Dolphins clarified that it in no way indicates that Ross is entertaining offers.
“What I can say is that I know unequivocally that the team is not for sale,” Dolphins CEO Tom Garfinkel said Sunday morning via The Palm Beach Post.
According to Garfinkel, even a bigger offer than $10 billion — well north of the record-breaking $6.05 billion price that a group led by Josh Harris paid for the Washington Commanders last year — wouldn’t be enough to get Ross to relinquish control of the Dolphins.
“I think the price could be much higher than $10 billion, the team wouldn’t sell,” Garfinkel said. “So the team is not for sale, the control of the team’s not for sale. And so from that standpoint, I think all of that is kind of not really relevant because Steve’s not selling the team.”
Ross, 83, purchased 95 percent of the Dolphins and the team’s stadium (then called Dolphins Stadium) for $1 billion in 2009. According to USA Today, he rejected the $10 billion offer because he wants to keep the assets in the family.
In 2022, Ross reportedly notified the NFL of his intention to make his daughter, Jennifer Ross, his successor as owner of the Dolphins.
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