The Miami Dolphins are an iconic NFL franchise with a long history dating back over five decades. Let’s explore the Miami Dolphins franchise value, ownership structure, and the impact of Hard Rock Stadium.

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A Brief History of the Miami Dolphins

The Miami Dolphins were founded in 1966 as part of the American Football League (AFL). The franchise joined the NFL after the AFL-NFL merger in 1970. The Dolphins have established themselves as one of the most successful teams, winning two Super Bowl titles (VII and VIII) during the 1972 and 1973 seasons, where they completed the only perfect season in NFL history.

The franchise has had several owners over the years, with the current owner being real estate developer Stephen M. Ross, who purchased the team in 2009.

How Much Did Stephen Ross Buy the Miami Dolphins For?

In 2008, Ross bought 50% of the Miami Dolphins franchise, Dolphin Stadium (now known as Hard Rock Stadium), and surrounding land from then-owner Wayne Huizenga for $550 million. Stephen Ross became the majority owner by purchasing an additional 45% stake for $1.1 billion total the following year.

The NFL’s skyrocketing valuations speak to the growing value of the league as a whole. Miami Dolphins owner Stephen Ross turned down a $10 billion offer for control of the franchise, Hard Rock Stadium, and the Formula 1 Miami Grand Prix. He discussed a deal with billionaire Ken Griffin, but the two sides could not finalize a deal. Ross wants to keep control of the three entities in his family, according to reports.

How Much are the Miami Dolphins Worth?

According to Forbes’ valuations, the Miami Dolphins are currently worth $5.7 billion, making them one of the most valuable franchises in the NFL. The Dolphins’ value has greatly increased by 24% since 2022, reflecting rising valuations across the league.

In May 2023, the Dolphins partnered with Enhance Health, further strengthening the team’s brand and revenue streams. Other sponsors include Publix, Ticket Master, Truist Financial and Verizon.

Hard Rock Stadium Impact on Value

Hard Rock Stadium, the Dolphins’ home venue, has boosted the franchise’s value. Originally built in 1987, the venue underwent a $550 million renovation in 2015-2016, transforming it into a modern facility with fan amenities.

The stadium hosts NFL games and major events like tennis tournaments, music festivals, and the Miami Grand Prix Formula 1 race. These diverse events and the stadium’s location have contributed to the franchise’s value growth.

Under Stephen Ross’ leadership, the franchise aims for on-field success while maximizing revenue from their world-class stadium. The Miami Dolphins exemplify the NFL’s financial might and the enduring popularity of professional football.