Like I said, something about him getting an investment GROUP together to buy a team.
I actually MAY have insider info on this :)
There's a large fund being put together with a few larger developers from Toronto, Ontario who now live in Palm Beach/Naples/etc. They have an 850 million dollar fund and one of the newest folks to join is D. Wade. (My conjecture is this opens up a flurry of investment opportunities solely because Wade ties himself to it.)
HOWEVER - I have zero clue if this is the same group. Guys like Wade would get the start treatment if he bought in at the minimum value (5mm) because his name opens doors and brings a brand.
It is very, very possible that this is a separate fund, but I know the person flying into PBI today, and he's meeting with the large investment guys in the AM, Wade included. Last I heard they were a huge real estate fund, but I mean... that simply means they like tangible items you can invest in. Football teams are one of the safety investments you can make, you have a guaranteed return, and you typically gain insane equity regardless of performance (although it obviously really really helps to be good, that gives you the best value)
Man now Im going to destroy him with questions. There's no way that this likely leads to a total buyout of the dolphins - a mega billionaire out of Palm Beach, as well as a Manhattan developer who retired with a net worth hovering near the B mark.. to Jupiter Island in the 90s. Both inquired about purchasing the dolphins. The number that came back, at that time, was over 3.78 billion, a large chunk driven by the commitments that the stadium has received since renovation.
So even if this WAS the group - they don't even have a 25% stake in their entire fund.
Dwayne Wade and Rick Ross could put together every penny they have - and I almost assure you D Wade has well over 95mm - and not even cover the RENOVATION COSTS that Stephen Ross paid for OUT OF POCKET.