Ross raking in the $ in spite of the Dolphin Franchise | FinHeaven - Miami Dolphins Forums

Ross raking in the $ in spite of the Dolphin Franchise

Fins1971

Fins1971

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With all of the bad press lately one would think Ross would be looking to unload the Dolphins and all of the problems associated.

But it appears that the $1.1 Billion he paid for Dolphins and Stadium are just a rounding error in his portfolio.
In 2009 Ross had a net worth of $2.9 Billion and he invested a big chuck in the Dolphins.
Fast forward to 2014 and his net worth is now valued at $5.4 Billion due to Housing projects in Manhattan.

so the coin he dropped for the Fins was made back 2 fold in real estate deals in NY over the last few years.
Must be nice.

http://www.forbes.com/profile/stephen-ross/
 
Being that most of his assets are real estate, it makes sense that he was worth less during in 2009 when the real estate market was rock bottom. Net worth is based on fair market value, not historical cost.
 
good for him? Ross is a brilliant businessman and has sunk a hell of a lot of money into the team to sign players. Lets face it the fins are far from the most profitable team in the league.
 
Good for Mr Big Ears.

I mean, at least the guy is down to spend money. It could be worse---imagine Jeffrey Loria owning the Fins
 
Thats why I don't get people knock on Ross.

The guy is a brilliant business man that is willing to spend HUGE money to improve his team.

His upper management moves havent exactly been the best, but the guy is trying. Not like he is trying to skimp and nickel and dime his way around every contract.

He says spend the money, and we spend it.
 
uk_dolfan said:
good for him? Ross is a brilliant businessman and has sunk a hell of a lot of money into the team to sign players. Lets face it the fins are far from the most profitable team in the league.
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the team could definitely do better, to bring in more money/fans, by winning. but he bought the team for 1.1billion. the dolphins are now worth 3.1 billion. making 2 billion in 4 years isn't bad. lol
 
Money spent wisely frequently begets more money so more power to him. While there's sure a lot of aspect to his Fins ownership we'd like to change or tweak, at least unlike Jerry Jones he's not appointed himself to be the franchise's combined President, GM, Head Coach and spokesperson. So there's that.
 
truedolfan57 said:
the team could definitely do better, to bring in more money/fans, by winning. but he bought the team for 1.1billion. the dolphins are now worth 3.1 billion. making 2 billion in 4 years isn't bad. lol
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The value of the NFL and NFL teams in general may be rising but the fins annual profit?

Look this isnt a rant about Miami or the fan base this is just facts.

- We have among the worst attendances in the league
- We have among the worst tv figures in the league

This would also suggest a lack of profit from our other commercial vestures like sponsorship, ticket sales, jerseys, concessions etc.

The Dolphins just make less money than other teams these days. As for the value of the team compared to when he bought it? I have no clue. but I am glad that unlike other teams we have an owner prepared to spend as much as his football people want to spend. As a Manchester United fan I can tell you the other side of that coin (when the team makes a fortune and the ownership leach every penny out of it that they can) is not plesent.


Also f**k Malcolm Glazer
 
The media have been quick to deride Stephen Ross as a bumbling idiot who cannot make a decent decision. However, his success in business is not just luck. He knows what he is doing and is not just good, he is brilliant in business. Unlike some of the other NFL owners, Ross didn't inherit his wealth, he made it all himself after starting his career as a tax attorney in Detroit.
It would be good to see some of his midas touch rub off on the Miami Dolphins organization. For much of last season we were pretty competitive, but the damn wheels fell off in Buffalo and the finish is all we remember for the season. The appointment of Dennis Hickey was one of the few times that Ross made a decision to affect the organization. It was derided in the media, but let's see what the man can do as GM.
 
1.1B is hardly a rounding error when your talking only 5.4B. Im surprised a money magazine like Forbes would say such a thing.

Fins1971 said:
With all of the bad press lately one would think Ross would be looking to unload the Dolphins and all of the problems associated.

But it appears that the $1.1 Billion he paid for Dolphins and Stadium are just a rounding error in his portfolio.
In 2009 Ross had a net worth of $2.9 Billion and he invested a big chuck in the Dolphins.
Fast forward to 2014 and his net worth is now valued at $5.4 Billion due to Housing projects in Manhattan.

so the coin he dropped for the Fins was made back 2 fold in real estate deals in NY over the last few years.
Must be nice.

http://www.forbes.com/profile/stephen-ross/
Click to expand...
 
Correct me if I am wrong, but did he not only plop down 500mil. and has minority partners that put up the rest.
 
DKphin said:
Correct me if I am wrong, but did he not only plop down 500mil. and has minority partners that put up the rest.
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I think that you are wrong. The $1.1B was probably a combination of cash outlay and money borrowed from large financial institutions. The small ownership stakes to the minority owners like Fergie, the Williams sisters, etc was probably negligible. He wanted to get some celebrities involved.
 
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