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Miami Dolphins are in advanced talks to sell minority stake in team to Ares Management, billionaire Joe TsaiThe Miami Dolphins are in advanced talks to sell a minority stake in the team to private equity firm Ares Management and billionaire Joe Tsai, CNBC has learned, highlighting the growing trend of owners looking to build their sports portfolios to include multiple teams and operate their own stadiums to maximize revenue. CNBC has valued the Miami Dolphins as the league's eighth most valuable team at $7.1 billion, which does not include the stadium. The Miami Dolphins and the NFL declined to comment, and Tsai's BSE Global did not immediately respond to a request for comment. Businessman Stephen Ross purchased the Miami Dolphins in 2009 for $1.1 billion. This allows him to bring in revenue from events held at the stadium such as the Miami Grand Prix and Miami Open tennis tournament.
Persons: Joe Tsai, Ares, Tsai, Stephen Ross, Ross Organizations: Miami Dolphins, Ares Management, CNBC, Hard, Miami Grand Prix, Miami, NFL, Brooklyn Nets, Bloomberg, BSE Global, Miami Open, Dolphins, Formula, Prix
Brooklyn Nets Co-Owner on emerging leagues and measuring risk
  + stars: | 2023-07-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrooklyn Nets Co-Owner on emerging leagues and measuring riskBSE Global Vice Chair, New York Liberty Governor and Brooklyn Nets Co-Owner Clara Wu Tsai discusses the value of emerging leagues and measuring risk while staying competitive.
Persons: Clara Wu Tsai Organizations: Brooklyn Nets Co, Global, New York Liberty Governor
Clara Wu Tsai spoke to Insider about hosting a coming job fair with the Reform Alliance at Brooklyn's Barclays Center. Wu Tsai discussed the making of the event and its aim to aid individuals impacted by the criminal justice system. The Reform Brooklyn Job Fair will take place on Monday from 10 a.m. to 4 p.m. More than 4,400 job seekers have registered to attend the job fair, which will take place at the Barclays Center concourse on Monday from 10 a.m. to 4 p.m. Registration for the Brooklyn Job Fair is still open to the public.
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