Dolphins Owner Stephen Ross selling a portion of the team?
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00:00He said Stephen Ross may be selling 10% and 3% stake of dolphins
00:04to Ari's management and Joe Cy.
00:07I didn't see that story.
00:08Uh, he's got to recoup a lot of fat cat money that he, uh, he doled out this year.
00:14Wow.
00:15Do you know he is, uh, where the West Palm beach improv was
00:21that big Plaza that it was in?
00:23Yeah.
00:25Stephen Ross knocked it all down, building a high rise.
00:28Oh, trying to get some money back.
00:30I'm telling you
00:31knock down a whole Plaza.
00:33Definitely.
00:33What we need over there is a high rise.
00:35Cause, uh, you know, they did such a great job of filling out
00:37all the occupancy at city place.
00:40So there's four mall stores, you know, we should do build a size skyscraper.
00:46I think when he builds something though, it tends to work out.
00:51He was good at real estate.
00:52Yeah.
00:53CBS said, uh, the best thing about owning an NFL team is that even when the team
00:57is losing the owner, so when, in case of point dolphins, they're currently
01:00struggling owner, Steven Ross is not only a couple of weeks after he was
01:03reportedly looking to sell 15% of the team and other assets at a valuation
01:07of $7 million, he's reportedly selling 13% of the team and other assets at
01:12valuation, uh, at 8.1 billion dollars.
01:17Billion Bloomberg says Ross is an advanced talks to sell 10% of the
01:23hard rock stadium and F one to Ari's management.
01:27One of the pre-approved private equity funds that can buy up to
01:3010% of six different teams.
01:32The other is going to be 3% sold to Joe Cy, who, if you know that
01:36name, he owns the Brooklyn nets and the New York Liberty.
01:41Wow.
01:42Billionaire is getting richer.
01:44Yeah.
01:45Well, he's very rich and we'll write big checks, but he's got, he's got
01:51a nice safety net on all that now.
01:53Yeah.
01:54They'll spend that money.
01:55And he usually does the right thing for his team, but as of right now, it
01:59looks like all the contracts he gave out.
02:01Hey, do you, do you understand in life that sometimes you can make the
02:06right decision and it doesn't work out?
02:10Yeah.
02:10I mean, look at all the guys who, like when you draft that
02:14quarterback as a first pick, look how many times it didn't work out.
02:18And they call their, they call the management or the GM a bum
02:24because he picked so-and-so.
02:26Well, if any of the other 30 teams would have had that pick, they
02:29would have taken the same guy.
02:31So it happens like it was Trevor Lawrence was a can't miss.
02:36I'm just not according to me.
02:40I told you that was a whole time.
02:42I did see it the whole time.
02:44I believe.