Horses Mouth
Footballguy
from local Armando blog:
Half of Dolphins sold to Stephen Ross
Wayne Huizegna has effectively sold 50 percent of the Dolphins and Dolphin Stadium and the land surrounding the stadium.
Dolphins fans, meet your future owner Stephen M. Ross of New York and Palm Beach.
You should recognize the name. Several months ago The Herald identified Ross as the man about to buy the Dolphins. That was before Huizenga blew out his coaching staff and personnel department and hired Bill Parcells. Part of that Parcells hiring came with a promise from Huizenga that he would not sell a controlling interest in the Dolphins.
Well, he's been true to his word. He only sold half the interest to Ross who is chairman of the Related Companies, an international real estate development company. Huizenga will keep hold of the power of the franchise as he remains, "the Managing General Partner of the franchise," while Ross will be an active partner and has the opportunity to become the Managing General Partner in the future.
Translation: Huizenga will call the shots for now, but at some point, he will turn over the team to Ross who will then be able to exercise an option to buy the whole caboodle.
This from Huizenga in a statement: “I have always said that I wanted to bring in a partner, and I can’t think of anyone more appropriate than Steve. He has unbridled enthusiasm and I couldn’t feel better about the future than I do with Steve as my partner and Bill Parcells running football operations.”
From Ross: “Having grown up in South Florida, Dolphins football has been a lifetime passion for me. I am energized by this opportunity and look forward to being able to once again watch the Dolphins win a Super Bowl alongside all the other loyal Dolphin fans.”
The transaction requires the approval of the National Football League and that is almost certain to come as anything Huizenga recommends concerning his team typically gets approved.
The question is whether this sours Parcells at all. As long as Huizenga is in charge, there probably won't be a problem. But Parcells has a four-year contract and wanted assurances that Huizenga would be the only one he answered to during that tenure.
The questions now are does Huizenga hold onto the power of the team throughout those four years? Does Ross, as rightful part owner, exert say-so over Parcells? And does Parcells rethink his tenure in Miami based on the promises he got and what happened today?
Half of Dolphins sold to Stephen Ross
Wayne Huizegna has effectively sold 50 percent of the Dolphins and Dolphin Stadium and the land surrounding the stadium.
Dolphins fans, meet your future owner Stephen M. Ross of New York and Palm Beach.
You should recognize the name. Several months ago The Herald identified Ross as the man about to buy the Dolphins. That was before Huizenga blew out his coaching staff and personnel department and hired Bill Parcells. Part of that Parcells hiring came with a promise from Huizenga that he would not sell a controlling interest in the Dolphins.
Well, he's been true to his word. He only sold half the interest to Ross who is chairman of the Related Companies, an international real estate development company. Huizenga will keep hold of the power of the franchise as he remains, "the Managing General Partner of the franchise," while Ross will be an active partner and has the opportunity to become the Managing General Partner in the future.
Translation: Huizenga will call the shots for now, but at some point, he will turn over the team to Ross who will then be able to exercise an option to buy the whole caboodle.
This from Huizenga in a statement: “I have always said that I wanted to bring in a partner, and I can’t think of anyone more appropriate than Steve. He has unbridled enthusiasm and I couldn’t feel better about the future than I do with Steve as my partner and Bill Parcells running football operations.”
From Ross: “Having grown up in South Florida, Dolphins football has been a lifetime passion for me. I am energized by this opportunity and look forward to being able to once again watch the Dolphins win a Super Bowl alongside all the other loyal Dolphin fans.”
The transaction requires the approval of the National Football League and that is almost certain to come as anything Huizenga recommends concerning his team typically gets approved.
The question is whether this sours Parcells at all. As long as Huizenga is in charge, there probably won't be a problem. But Parcells has a four-year contract and wanted assurances that Huizenga would be the only one he answered to during that tenure.
The questions now are does Huizenga hold onto the power of the team throughout those four years? Does Ross, as rightful part owner, exert say-so over Parcells? And does Parcells rethink his tenure in Miami based on the promises he got and what happened today?
