One of the central figures of the short squeeze saga that pitted retail investors against hedge funds and short sellers could be adding “sports team owner” to his resume.
What Happened: Citadel CEO and founder Ken Griffin recently made the move to Miami. The move could play a factor in acquiring a minority stake in a National Football League (NFL) franchise.
According to Sportico, Miami Dolphins owner Stephen Ross is in talks to sell a minority stake in the team, as well as the Hard Rock Stadium and Formula 1 Miami Grand Prix — one of the annual U.S. races as part of the Formula One Group (NASDAQ:FWONA)(NASDAQ:FWONK) motorsports league.
Ross, who bought the team for $1.05 billion in 2009, is said to be selling a minority stake to bring in capital to invest in other sports ventures. Ross also owns the Miami Open Tennis event and soccer commercial rights agency Relevant Sports.
Ross is worth $8.64 billion according to estimates from Bloomberg. The Dolphins were valued at $5.24 billion by Sportico, ranking ...