Q&A of the Day – Who is Lin Bin? About The New Miami Dolphins Minority Owner

Lin Bin is paying $125 million for the 1% stake in the Dolphins and various real-estate interests. It's obviously not a controlling stake, or even close to it—Steven Ross remains the principal owner—but it set a new benchmark for NFL franchise valuations. The implied valuation for the Dolphins is $12.5 billion with the rate paid by Bin.