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Steve Ross: Buying Miami Dolphins wasn't "shrewd investment"

Long time sports business consultant Rick Horrow interviewed his friend Miami Dolphins owner Steve Ross for Tuesday’s installment of his new national sports business show The $ports Take, asking Ross if he overpaid when he spent $1.1 billion for 95 percent of the team and Land Shark Stadium.

“Let’s put it this way, I wouldn’t call it a shrewd investment, I didn’t steal it certainly,” Ross said on the show, scheduled to air on Versus at 6:30 p.m. Tuesday. (The show is repeated at 4 p.m. on Wednesday). “ Many people would think I overpaid when you look back with 20/20 hindsight, especially in today’s market.”

But Ross told Horrow “I’m having more fun in doing something I’ve always wanted to do, in an environment like this. I don’t think a lot of people can say that, so I feel very lucky to really own the Miami Dolphins. I think there is a lot of opportunity there, I believe.”

Ross also repeated his mantra about celebrities, including Gloria and Emilio Estefan and Venus and Serena Williams, who have joined his ownership group as limited partners.

“They represent the community. I wanted to show that the Miami Dolphins were about all of South Florida,” Ross said. “And I wanted everyone to be able to identify with the ownership of the Miami Dolphins. So I think that if you look at the celebrity owners, as they have been labeled, you’ll feel that. And what they’re doing, their excitement for owning part of an NFL team, and being involved and actively engaged in the community.”

Categories: Land Shark Stadium (44), Miami Dolphins (186)

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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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