Miami Dolphins Sell Minority Stake to Bin Lin

Xiaomi co-founder Bin Lin has purchased a one percent minority stake in the Miami Dolphins and its associated properties. This strategic investment by the tech entrepreneur values the organization’s total assets at a record-breaking $12.5 billion, marking the highest valuation in the history of professional sports. The deal includes not only the football team but also Hard Rock Stadium, the Miami Open, and the Formula 1 Miami Grand Prix. Chairman Stephen Ross intends to use this partnership to further expand his sports portfolio and continue fueling economic growth throughout the South Florida region. Additionally, the source provides updates on recent team transactions, such as player signings and a significant trade with the Denver Broncos.