HOT NEWS: Mike McDaniel Sign A shocking Resignation Just To..

December 18, 2024 sportprocess miami dolphice 0

“The Miami Dolphins represent an iconic franchise with a deeply engaged fanbase, and Ares is honored to invest alongside Joe and Ollie to support the team’s long-term strategic goals,” said Mark Affolter and Jim Miller, Co-Heads Sports, Media & Entertainment at Ares. “Moreover, Steve has been the architect of an impressive ecosystem of sports, entertainment and real estate assets that underscores the sector’s significant potential for growth and value creation to the benefit of fans, local communities and financial stakeholders. We look forward to working with Steve to continue unlocking new and exciting opportunities ahead.

“I am privileged to have the opportunity to invest with Miami Dolphins owner Steve Ross, a world-class operator,” said Joe Tsai. “He has an incredible collection of premier assets – the iconic Miami Dolphins franchise, state-of-the-art venue in Hard Rock Stadium, and a fantastic events business of global sports brands such as F1 Miami Grand Prix and the Miami Open.”

Bruce Beal, Jr. will continue in his role as vice chairman and partner.

BDT & MSD Partners served as principal advisor on the investment, and Wachtell, Lipton, Rosen & Katz served as legal counsel to Ross and the Dolphins. The transaction is expected to close in the coming days

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