Stephen Ross Gains 95% Stake In Dolphins

The long-awaited sale of Dolphins majority ownership is now officially complete, as Stephen Ross closes on a $1.1B deal that grants him a 95% stake in the franchise and the title of Managing General Partner. The news quiets rumors that Ross struggled to finance the purchase due to the economic downturn, but sources indicate Wayne Huizenga allowed Ross to defer some payments to complete the deal. The transfer of power marks the unofficial end of Huizenga’s influence over Miami’s pro sports scene. While he has been an "imperfect owner," Huizenga has "helped positively shape life in South Florida" through his work with the Dolphins, Marlins and Panthers, and has made the region "big league."

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