Report: Stephen Ross recently received $10B offer for control of Dolphins, Hard Rock Stadium and F1 Miami race

According to a report, Miami Dolphins owner Stephen Ross recently entertained a massive offer for control of numerous major assets — including the Dolphins organization — but ultimately declined in order to keep the assets in his family.

“Ross recently entertained a stunning $10 billion offer for control of the Dolphins, Hard Rock Stadium, and the F1 Miami race – which nearly matches the combined record-setting sales of the Denver Broncos ($4.65 billion in 2022) and Washington Commanders ($6.05 billion in 2023) – two people with direct knowledge of the situation told USA TODAY Sports,” wrote Safid Deen. “They spoke on the condition of anonymity due to the sensitive nature of the matter.

“Ross declined the offer because he wants to keep the assets in his family, the two people said. Still, the offer shows the ceiling of NFL franchise valuations and sports conglomerates continues to rise exponentially.”

For now, the Dolphins will remain under Ross’ control. The 83-year-old has been the majority owner of the organization for well over a decade.

The Dolphins ranked 11th in an NFL valuation update from Forbes that came out in August of 2023. Miami’s valuation came in at $5.7 billion at that time, with the Dallas Cowboys, New England Patriots and Los Angeles Rams leading the way.

It’s entirely possible that the franchise has become even more valuable since then, especially since NFL organizations tend to increase in value as time goes on.

But it’s on-the-field success that Dolphins fans are itching to see more of, with the franchise still trying to capture its first playoff win under Ross’ ownership. Miami hasn’t enjoyed a postseason victory since the 2000 campaign.

There is hope that things are trending in the right direction for the Dolphins, who have made the playoffs in two straight years. But the team has had an up-and-down offseason, leading some to question whether Miami is built to enjoy any postseason success in the upcoming campaign.

It’s likely safe to assume that the Dolphins would see their valuation increase if they were to become legitimate Super Bowl contenders — let alone win a championship. That’s one of many reasons Ross would presumably be thrilled to see lots of success from the team in the years to come.

With players like Tua Tagovailoa, Tyreek Hill and Jaylen Waddle leading the way, Miami has the type of talent that makes it impossible to dismiss the team, but the 2024 season will certainly be an important one for the franchise.