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Dolphins owner Steve Ross reportedly in new talks to sell stake in team

Miami Dolphins owner Steve Ross is again in talks to sell a minority stake in the team and other assets.

Ross is in discussions with private equity firms and individuals to sell as much as a 15 percent stake in the Dolphins, Hard Rock Stadium and F1 Miami, according to a New York Times report Friday evening.

A team spokesperson did not immediately return request for comment.

Ross, last November, courted talks with fellow billionaire Ken Griffin, but those discussions fell through in April.

The Dolphins are valuated at more than $7.5 billion. Ross’ combination of the stadium and F1 grand prix race held at the venue could potentially lift valuations of other NFL franchises.

According to the report talks with Griffin halted because Griffin wanted a path to eventually control the Dolphins, while Ross wanted to keep majority ownership within his family.

Last month, the NFL adopted new rules that allowed certain private equity firms to buy up to 10 percent of a team. One of the firms involved is reportedly Arctos Partners.

Ross, who has not sold anything yet, was looking to raise additional capital to further invest in real estate and sports, according to a source when talks with Griffin surfaced.

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