Wyane Huizenga Sells Half The Team


Stephen Ross - Palm Beach PostThis is breaking news and I am still learning about what has transpired, but according to reports, Miami Dolphins owner Wayne Huizenga has sold half of the team and the stadium.  It is believed that Wayne will still hold the majority ownership, likely 51 percent, for now.  After Bill Parcells’ contract is up, who knows.  As part of the Bill Parcells hire, Wayne assured him he would not sell the team outright.

UPDATE:  Ross will be a 50/50 owner in the team and he and Wayne both will work together on decisions that are team related.  For those worried about a possible move of the franchise in the future, forget it.  Ross is probabaly one of the best owners to have for the Phins.  He is a life long Dolphins fan and actually was part of a group who lost out on bringing the Marlins to Miami…he lost out to Wayne.  The sale is pending approval of the NFL.

Wayne Huizenga said that he is saddened by this move and that his heart told him know but his mind told him it was time.  He said he will be a partner in the team until the day he dies. 

The buyer is reportedly Real Estate Mogul Stephen Ross.  Ross was the rumored buyer at the end of the season.

In the meantime, tonight at 8Pm, head on over to Finsradio.net where I will once again be cohosting with Mike of the Sheddawgs.  This will definately be the topic of conversation.

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Tags: Miami Dolphins Stephen Ross Wayne Huizenga