In a landmark deal, the Miami Dolphins and Chairman of the Board Stephen M. Ross have announced a strategic investment by Ares Management funds (Ares) and Brooklyn Nets owners Joe Tsai and Oliver Weisberg. In addition to the Miami Dolphins, the transaction includes iconic assets such as Hard Rock Stadium and the Formula 1 Crypto.com Miami Grand Prix, with the investment fueling continued growth across Ross’ diverse South Florida-based sports and entertainment portfolio. Ares will acquire a 10% stake, while Tsai and Weisberg together will hold a 3% interest, pending final closing of the agreements. The minority, non-controlling interest sale was approved by the NFL at the league meeting on Wednesday, December 11.
Ross, a South Florida native who acquired the Miami Dolphins in 2009, has spent 15 years investing in and revolutionizing South Florida’s sports and entertainment landscape. He has spearheaded and privately financed more than $1 billion of sweeping modernization efforts in the region, elevating Hard Rock Stadium into a premier global sports and entertainment destination. These upgrades have secured the stadium’s role as a host for marquee events that have generated billions in economic impact for South Florida, including Super Bowl LIV, the Formula 1 Crypto.com Miami Grand Prix, the Miami Open tennis tournament, the 2026 FIFA World Cup and high-profile concerts like Taylor Swift’s Eras Tour.
“As we continue our relentless pursuit of building a best-in-class organization, we were fortunate to attract significant interest from multiple investors, which gave us the opportunity to be highly selective in choosing partners who align with our core values and long-term vision,” said Stephen Ross. “I couldn’t be happier to welcome Ares, Joe, and Ollie to our investment group. They each bring invaluable expertise to the table, with a shared commitment to innovation, growth and doing things first class. Together, with the resources from this…
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