Ross raking in the $ in spite of the Dolphin Franchise | Page 2 | FinHeaven - Miami Dolphins Forums

Ross raking in the $ in spite of the Dolphin Franchise

This info just shows us that Ross is not going anywhere. His ego and deep pockets will not allow him to divest himself of our Phins. Sadly.
 
First you get the superbowl then you get the respect.
 
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/
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Housing projects in Manhattan... lol. More like the biggest project in Manhattan since Rockefeller center. Projects are his bread and butter though. It's good business to be a real estate developer for housing that Uncle Sam pays you for all his welfare teat-sucking nieces and nephews.
 
poppy said:
Well said! Cough up an extra 150 mill beyond which you are already committed to and call it a day. He'd be a hero in South Florida. Do it Ross. You can't take it to the grave.
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Awful easy to tell someone to spend hundreds of millions so you can have a nicer seat isnt it?
 
MP-Omnis said:
Housing projects in Manhattan... lol. More like the biggest project in Manhattan since Rockefeller center. Projects are his bread and butter though. It's good business to be a real estate developer for housing that Uncle Sam pays you for all his welfare teat-sucking nieces and nephews.
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What the the hell are you talking about?

Hudson Yards is the 4th tallest building in NYC, you think the city builds hands over brand new buildings in manhattan to the god damn poor? Some of the biggest companies in the world have there offices there, heck Ross himself lives there.

I'm sure there's some affordable housing there, by law there has to be, but that hardly makes it free, and hardly means there's poor families just moving into manhattan on "uncle sams" dime. Quit talking out of your ass.

I worked in real estate at the time he began this project, Ross is a complete bull in the NYC real estate world and this deal and his plans was the talk of high end real estate. Everything about that project is complete genius.

He might be worth 5 billion, but his company is worth another 20 bill, and it will only go up from here. Don't try to dumb this guy down to some Crappy housing project owner. I have 0 doubt most of his media critics, stem from his real estate deals, where he created himself a lot of enemies putting this last specific project together.

You don't get to his level in real estate with just business smarts, you need to really know how to bully people and organizations.
 
uk_dolfan said:
Awful easy to tell someone to spend hundreds of millions so you can have a nicer seat isnt it?
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Well its for his team that he owns. Its not like he is never going to charge more for a ticket.
 
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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In February 2008, Ross bought 50 percent of the Miami Dolphin franchise, Dolphin Stadium and surrounding land from then-owner Wayne Huizenga for $550 million, with an agreement to later become the Dolphins' managing general partner. On January 20, 2009, Ross closed on the purchase of an additional 45 percent of the team from Wayne Huizenga. The total value of the deal was $1.1 billion

He did the minority partners after the initial purchase and they only own a very small part.
 
Fins1971 said:
In February 2008, Ross bought 50 percent of the Miami Dolphin franchise, Dolphin Stadium and surrounding land from then-owner Wayne Huizenga for $550 million, with an agreement to later become the Dolphins' managing general partner. On January 20, 2009, Ross closed on the purchase of an additional 45 percent of the team from Wayne Huizenga. The total value of the deal was $1.1 billion

He did the minority partners after the initial purchase and they only own a very small part.
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Yeah, Ross owns nearly 95%, Huizenga owns 5% and minority partners are slivers of percentages.
 
xXwarXx said:
What the the hell are you talking about?

Hudson Yards is the 4th tallest building in NYC, you think the city builds hands over brand new buildings in manhattan to the god damn poor? Some of the biggest companies in the world have there offices there, heck Ross himself lives there.

I'm sure there's some affordable housing there, by law there has to be, but that hardly makes it free, and hardly means there's poor families just moving into manhattan on "uncle sams" dime. Quit talking out of your ass.

I worked in real estate at the time he began this project, Ross is a complete bull in the NYC real estate world and this deal and his plans was the talk of high end real estate. Everything about that project is complete genius.

He might be worth 5 billion, but his company is worth another 20 bill, and it will only go up from here. Don't try to dumb this guy down to some Crappy housing project owner. I have 0 doubt most of his media critics, stem from his real estate deals, where he created himself a lot of enemies putting this last specific project together.

You don't get to his level in real estate with just business smarts, you need to really know how to bully people and organizations.
Click to expand...

What are you talking about? I specified that he is indeed a billionaire not from ghetto projects but from high-powered NY real estate development. However, he started out in housing projects (facilitating tax shelters for the wealthy and a roof over the heads of the poor-- genius) and slowly worked up into big time deals. I'm not knocking him. He looked at the game and found a way to make everyone win. I know a friend of his that went to miami beach high with him. Good guy.
 
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...

God Bless America!!
 
The Hudson Yards project he's working on now is, in actual dollar value, the biggest real estate deal in history.

Keep in mind though that his portfolio is not the same thing as his cash assets, and he's pumping a lot of cash into the team. I'm sure he's not thrilled about that.
 
So he can build the new stadium or improvements himself.

It was funny to see certain individuals loving giving public funds to billionaires here.
 
DeathStar said:
So he can build the new stadium or improvements himself.

It was funny to see certain individuals loving giving public funds to billionaires here.
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it's done for many other billionaire NFL owners. So i'm not sure what the problem is. They were asking the hotels to raise their tax 1%. While Ross paid for half of it. So the majority of the people that would be funding the project would be out of towners. And had the stadium got renovated, there would have been a great chance for Super Bowl 50 or 51 to be hosted in Miami. Which would also boost the local economy.

It's funny to see certain individuals being so narrow minded.
 
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