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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 ...
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So they’ll be the Shanghai Dolphins next year? /S
“So they’ll be the Shanghai Dolphins next year? /S”
Please read article.
Sucker.
Chinese American, and he’s buying 1%.
I first read: “Chinese Buy Dolphin Steaks.”
Yum.
He’s less American than an illegal who swims the river.
Full on communist party member.
Citation, please.
“ 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”
What? !
1% for 12.5 billion?
Am I reading that correctly?
Not quite. He bought at the valuation of $12.5B for the whole team. So, if he bought 1%, he paid $125M for that 1%.
Citation for what?
He’s a communist party member?
I’m unable to confirm.
$12.5 billion?
That means the Holding Company is valued at $1.25 trillion.
Very doubtful.
There are only about 10 USA corporations that have ever hit a $1 trillion valuation.
Several of them are below $1 trillion now because of stock price decline.
I think they mean that the valuation of the Dolphins franchise overall is $12.5 billion.
The valuation of these sports franchises is unbelievable.
If I recall correctly, Steinbrenner bought the New York Yankees in 1973 for about $12 million.
Whenever I hear any news about valuations of franchises in the big four sports,( major league baseball, NFL football, NBA basketball, and NHL hockey ), they are talking about valuations in the billions. Amazing how valuable these franchises are.
Well, that’s capitalism. If a willing buyer and a willing seller agree on such prices.
I think it means he bought 1% of a company valued at $12.5 billion.
So he spent $125 million for a 1% stake.
The Seahawks are for sale - if not sold already. They are valued at $10b plus.
Look at his co-founder of Xiaomi.
FYI they are all Chicom members, the big Chinese billionaires.
They wouldn’t let Rush buy a piece of one of the teams and he loved football. I think they changed their name to the Kansas City Chefs.
I would say that the Miami Dolphins franchise is way overvalued if they think it’s worth 12 1/2 billion dollars.
What does that make the Dallas Cowboys worth and they’re supposed to be the most valuable sports franchise in the United States?
All right smarty pants. You’re taking this reading for comprehension to an annoying level and making some of us look stoopid.
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