Posted on 03/09/2026 7:55:15 PM PDT by nickcarraway
Chinese-American tech billionaire Lin Bin purchased a small stake in the Miami Dolphins at a valuation of $12.5 billion, a record for a publicly known minority transaction, Sportico reported Tuesday.
Bin is acquiring a 1% stake in the holding company that owns the Dolphins, Hard Rock Stadium, Formula 1's Miami Grand Prix and part of the Miami Open tennis tournament.
The previous top valuation for a minority transaction was $10 billion, set in October when the Koch family bought 10% of the New York Giants.
(Excerpt) Read more at reuters.com ...
LOL. Sorry.
They are probably worth more now that they got rid of Tua.
his partner very scary
In 2019, Lei was recognized as an “Outstanding Builder of Socialism with Chinese Characteristics” (Chinese: 优秀中国特色社会主义事业建设者). The recognition was used by the United States Department of Defense as one of the reasons to add Xiaomi Corporation to a list of companies that support China’s military in January 2021.[32] Later, the blacklisting of Xiaomi was blocked by a United States federal court and was removed by the United States Department of Defense after an agreement with Xiaomi was reached.[33][34]
He’s a communist party member?
I’m unable to confirm.
Check out his business partner
In 2019, Lei was recognized as an “Outstanding Builder of Socialism with Chinese Characteristics” (Chinese: 优秀中国特色社会主义事业建设者). The recognition was used by the United States Department of Defense as one of the reasons to add Xiaomi Corporation to a list of companies that support China’s military in January 2021.[32] Later, the blacklisting of Xiaomi was blocked by a United States federal court and was removed by the United States Department of Defense after an agreement with Xiaomi was reached.[33][34]
No, he bought it at a team valuation of $12.5B. He PAID $125m for 1%.
They’re still on the hook for him for 2 more years.
his business partner
In 2012, Lei Jun was elected as a deputy to the Beijing Municipal People’s Congress. In 2013, he was elected as a delegate to the 12th National People’s Congress representing Guangdong Province.
The 49ers were estimated to be a little less than $10B, but they sold a little less than 10% at a $8.6B valuation. This guy may have been seriously rooked.
In a few more posts he will have paid 1.25 billion for a 1% share and the team is worth 1.25 trillion dollars. Before the night is over. Wait and see.
Did you notice the “/s” sarcasm, it’s a joke.
I know that.
But is HE a confirmed Communist Party member?
Anyone have the They are Still Shitty gif from Major League.
That was thwarted by the professional dependent pill popper Jim Irsay. A liberal butt munch. I hope he’s rotting in hell.
I think thats the value of the entire conglomerate of sports holding company. NFL team, stadium, Grand Prix, and Tennis.
Correct. Team, stadium, tennis tournament, Autodrome F1 and Formula E events.
That’s more than a team that plays 18 weeks of the year. International friendlies are another possibility and will be FIFA Qualifiers.
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