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View Full Version : N.Y.'s Ross buys half of Dolphins


Wolf
02-23-2008, 08:10 AM
http://www.charleston.net/news/2008/feb/23/n_y_s_ross_buys_half_dolphins31616/

NFL Notes

MIAMI Wayne Huizenga's passion for the Miami Dolphins remains, but after more than a decade as their sole owner, he says it's time for someone else to become the boss.

Huizenga announced Friday that New York real estate developer Stephen Ross would acquire 50 percent of the franchise, Dolphin Stadium and surrounding developable land.

"We don't need some old guy limping around here trying to run this franchise," Huizenga said. "I've been in this business 18 years now. Pretty soon it'll be 24, 25. It's time for someone else to take over."

The NFL must approve the sale, which Huizenga said would be worth $1.1 billion.

Ross has an opportunity to become managing general partner in the future. Huizenga turned 70 in December, and he said his age and estate planning motivated him to make the deal.