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Ross to expand Dolphins ownership before next season

Stephen Ross says Dolphins Managing General Partner H. Wayne Huizenga “has nothing to worry about” when it comes to the eventual transfer of another 45 percent of the Dolphins.

Ross said he’s able to complete the purchase, which would give him 95 percent of the team, but he and Huizenga are still discussing when it will occur.

Before Tuesday’s presidential election, Huizenga made it clear he’d like to sell soon to avoid increased capital gains taxes in a Barack Obama administration. A sale before the end of the calendar year could ensure that, but Ross is thinking about the postseason.

“I’m not sure, because we could make the playoffs,” Ross said with a hopeful chuckle before Sunday’s Dolphins-Seattle Seahawks game at Dolphin Stadium. “At some point I will be taking it. Wayne and I are discussing exactly when that is. I assume it will be sometime before next season.”

Earlier this year, Ross bought 50 percent of the team, stadium and surrounding land for $550 million, with the intention he’d eventually become majority owner. Last month, NFL owners approved the eventual transfer, meaning it can take place any time.

Ross says he can complete the purchase without financial help, but does plan to bring in investors at some point.

“We’re talking to some and I want to make sure I have the right mix,” Ross said. “I will own well in excess of 50 percent but always intended to bring in some investors. The question in when they come in.”

Any investors would need league approval.

Ross praised his partnership with Huizenga, who will maintain 5 percent of the team.

“We have an agreement, we get along great. We have a great partnership and all Wayne’s needs will be accommodated as well as mine,” he said.

He also says he’s pleased to have joined the NFL ownership ranks, even sharing a sports cliché: “You’re always antsy before the game, a little bit on edge. These games are important now, we’ve got a certain momentum. You want to continue on. You’ve got to take each game one game at a time.”

Categories: Miami Dolphins (186), NFL (178), Sports Team Owners (49)

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About the author
CRAIG DAVIS In more than 33 years at the Sun Sentinel, Craig Davis has written about a wide variety of sports topics from baseball to yachting, fishing to triathlons, and also worked as a copy editor and page designer. Recently he reported on local sports, including running, swimming, cycling, equestrian and beach volleyball. He enjoys sports as a participant as well as a spectator, is active in the South Florida running scene plays in the curling club at Saveology Iceplex. This blog offers a glimpse at the business side of sports in the interest of enhancing enjoyment of the games and sporting options as a spectator as well as a participant.
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