One percent of the Miami Dolphins is selling for a record-breaking $12.5 billion valuation, according to multiple reports. This means that owner Stephen Ross is set to receive a staggering $125 million for a tiny slice of the team's equity. But here's where it gets interesting: Ross previously sold 13 percent of the Dolphins for deals based on an $8.1 billion valuation, indicating a significant increase in the team's perceived value. The latest sale will go to tech billionaire Lin Bin, who joins a growing list of investors interested in the team. Ross, aged 85, plans to keep the team in the family, with his heirs eventually taking control. This transaction could set a new benchmark for the value of NFL franchises, potentially influencing the valuation of other teams currently on the market, such as the Seattle Seahawks, which are rumored to be worth between $9 billion and $11 billion.
