Ross selling? | FinHeaven - Miami Dolphins Forums

Ross selling?

E30M3 said:
Nope. He's selling a stake which is now allowed for all teams. Think max to firms is 10% IIRC.
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But that is a rather large steak. 8.1B.
Meat Steak GIF by Beef. It's What's For Dinner.
 
I know Ares well due to some personal experience that I can’t get into. I wouldn’t count this as a positive. They are strictly set up to make money on transactions. No evidence that they’d have any interest in anything beyond making money.

If you think about it, that’s the purpose of their business. They are obligated to look at it that way. It’s a financial investment.

When things change, even if desired, it can always get worse. Granted they’d only be in for 10% but they will scrutinize the financials.

We want an owner who is passionate about it and in it to win it, not look at balance sheets and ROI first.

The money takes care of itself for an owner like Ross. He’s sitting at 3X-4X or more.
 
Austin Tatious said:
I know Ares well due to some personal experience that I can’t get into. I wouldn’t count this as a positive. They are strictly set up to make money on transactions. No evidence that they’d have any interest in anything beyond making money.

If you think about it, that’s the purpose of their business. They are obligated to look at it that way. It’s a financial investment.

When things change, even if desired, it can always get worse. Granted they’d only be in for 10% but they will scrutinize the financials.

We want an owner who is passionate about it and in it to win it, not look at balance sheets and ROI first.

The money takes care of itself for an owner like Ross. He’s sitting at 3X-4X or more.
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Again, like I posted earlier, I don’t know much about this guy. But what you just posted makes a whole lot of sense. I also want an owner who is passionate about our team, and not just only here to make money ( which is what Jets fan Ross has done ).
 
PHINSfan said:
Again, like I posted earlier, I don’t know much about this guy. But what you just posted makes a whole lot of sense. I also want an owner who is passionate about our team, and not just only here to make money ( which is what Jets fan Ross has done ).
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Thanks. So there are two entities mentioned. Tsai is a person who was reportedly eyeing 3%.

Ares is a separate entity reportedly looking into 10%. Ares is a private equity firm.

 
Austin Tatious said:
Thanks. So there are two entities mentioned. Tsai is a person who was reportedly eyeing 3%.

Ares is a separate entity reportedly looking into 10%. Ares is a private equity firm.

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Didn’t know this. And again….dont know much about Tsai, or Ares.
Hoping these new minority owners get more involved with the day to day operations of the team and see what must of us here see: Grier needs to be replaced!
 
Didn't know this until tonight but Ares has a minority stake in the Padres. Would be interested in what kind of rights Tsai insisted on, if he gets the first opportunity to buy the Dolphins outright etc.
 
I wasn’t as familiar with Tsai but I see that he’s co-founder and chairman of Alibaba. I saw a listing that he’s worth $8B. Ross is worth double that.

Tsai may not have the assets to buy a majority stake. But that’s just me spitballing. I suppose Ross could parse out slices and he could try to buy just the Dolphins. But I’m not sure he’d be liquid enough to buy a majority stake of the Fins.

I think that’s why they want private equity allowed. With the escalating costs, we are running out of humans that can still pay for higher and higher cost of equity. Out of the few people able, many may have no interest in owning a pro franchise.
 
Austin Tatious said:
I wasn’t as familiar with Tsai but I see that he’s co-founder and chairman of Alibaba. I saw a listing that he’s worth $8B. Ross is worth double that.

Tsai may not have the assets to buy a majority stake. But that’s just me spitballing. I suppose Ross could parse out slices and he could try to buy just the Dolphins. But I’m not sure he’d be liquid enough to buy a majority stake of the Fins.

I think that’s why they want private equity allowed. With the escalating costs, we are running out of humans that can still pay for higher and higher cost of equity. Out of the few people able, many may have no interest in owning a pro franchise.
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Hmm that’s interesting. So I wonder if when these current owners start selling and demand isn’t there to buy, if the price of an NFL team goes down
 
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