Stephen Ross, the owner of the Miami Dolphins in the USA's National Football League (NFL), announced a strategic investment from the private equity firm Ares Management, Alibaba-W (09988.HK) Chairman C. C. Wei, and Oliver Weisberg.
Ares Management will acquire a 10% stake in the Miami Dolphins, while C. C. Wei and Oliver Weisberg will collectively Hold 3% of the shares. The assets involved in this Trade include the Miami Dolphins, Hard Rock Sports Stadium, and the Formula One Crypto.com Miami Grand Prix, with a total value of 8.1 billion USD.