Report: Rapper Rick Ross wishes to purchase stake in NFL franchise
According to reports, rapper Rick Ross is looking to purchase a stake in the NFL's Miami Dolphins. Front Office Sports are reporting that the 46-year-old is pushing for a 5% stake in the AFC franchise. The Dolphins are valued at around $3.42 billion, meaning that a 5% stake would cost the rapper a whopping $171 million.
This speaks to how the franchise has grown in value over the years, considering that Stephen Ross bought 95 percent of the team for $950 million between 2008 and 2009.
Rick Ross says he wants to buy a 5% stake in the Miami Dolphins 🐬
Last valued at $3.42 billion, 5% of the team would be worth about $171 million. https://t.co/KNPwwh7Rqh
The veteran rapper is very passionate about the idea of owning equity in the NFL franchise, stating:
"I would love to buy five percent of the Miami Dolphins, and the big asset I think I'ma bring to the team is financial literacy for the youngsters."
A long line of people as of late have expressed their interest in being part owners of an NFL franchise. It was recently reported that Tom Brady wanted to become a minority owner of the Dolphins. The 44-year-old retired and was thought to be on the move to Miami with former New Orleans Saints head coach Sean Payton.
However, these seem to be exaggerated rumors as Brady unretired to rejoin the Bucs and Payton never signed a Dolphins deal.
Should @MiamiDolphins sell me 5% stake in the organization? If so,what would the upside be for both sides or vice versa??
Next, the Denver Broncos' sale to Walmart heir Rob Walton and his family sent shock waves through the NFL world, having cost an incredible $4.65 billion. Philadelphia 76ers owner Josh Harris was also said to be in the market for the Broncos but was ultimately beaten to the punch.
It was reported that Harris was willing to go as high as $5 billion to get the deal done, so one can imagine that if any other NFL franchise becomes available, the 76ers owner will have his money ready to go.
Jerry Jones' Cowboys the most expensive NFL franchise
Dallas Cowboys owner Jerry Jones famously stated a couple of weeks ago that his franchise is worth $10 billion. With the Cowboys being one of the biggest franchises on the planet, it is highly unlikely that Jones would even contemplate selling the team.
Considering what the Broncos just sold for, the Cowboys are worth more than double that, according to Jones.
Back in 1989, Jones bought the Cowboys for a mere $150 million. Forbes' latest evaluation of the Cowboys sits at $6.5 billion, making Dallas the most expensive franchise in the league.
It is unlikely that Jones will part ways with his money-making machine. However, if someone can meet his $10 million evaluation, he's bound to think twice.