{"id":214943,"date":"2026-04-01T19:54:22","date_gmt":"2026-04-01T19:54:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/214943\/"},"modified":"2026-04-01T19:54:22","modified_gmt":"2026-04-01T19:54:22","slug":"chinese-billionaire-buys-1-stake-in-the-miami-dolphins-at-record-12-5-billion-valuation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/214943\/","title":{"rendered":"Chinese billionaire buys 1% stake in the Miami Dolphins at record $12.5 billion valuation"},"content":{"rendered":"

Lin Bin, the co-founder and vice chairman of Xiaomi<\/a>, is buying a 1% stake in the Miami Dolphins along with other assets belonging to owner Stephen Ross at a record valuation of $12.5 billion, the team announced Tuesday.<\/p>\n

The minority, non-controlling interest sale was approved by the NFL on Tuesday and is expected to close in the coming days. The deal includes Hard Rock Stadium, the Formula 1 Miami Grand Prix and the Miami Open.<\/p>\n

The $12.5 billion valuation is the highest for a minority transaction in professional sports.<\/p>\n

Bin co-founded the Chinese consumer electronics company Xiaomi in 2010. He earned a master\u2019s degree from Philadelphia\u2019s Drexel University in 1992 and worked as a software engineer at Microsoft<\/a> and Google<\/a> for more than 15 years before co-founding Xiaomi.<\/p>\n

\u201cI am privileged to have the opportunity to invest in the Miami Dolphins and the amazing sports business built by the great entrepreneur Stephen Ross,\u201d Bin said in a statement. \u201cThis world-class team operates not only the Dolphins but also the incredible Hard Rock Stadium and a host of renowned sporting events from Formula 1 racing to the Miami Open. As a huge sports fan, it\u2019s a wonderful investment and learning opportunity for me.\u201d<\/p>\n

Ross, who bought the Dolphins for $1 billion in 2009, has made other minority sales in recent years. In 2024, the Dolphins announced an investment deal with Ares Management<\/a> funds and Brooklyn Nets owners Joe Tsai and Oliver Weisberg. Ares acquired a 10% stake, while Tsai and Weisberg together bought a 3% interest.<\/p>\n

The Dolphins are amid an organizational rebuild that has included hiring new general manager\u00a0Jon-Eric Sullivan<\/a>\u00a0and coach\u00a0Jeff Hafley.<\/a><\/p>\n

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what\u2019s next for the American economy, Nov. 16-17 in Detroit. Apply here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Lin Bin, the co-founder and vice chairman of Xiaomi, is buying a 1% stake in the Miami Dolphins…\n","protected":false},"author":2,"featured_media":214944,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[16331,123,125,124,119,98064],"class_list":{"0":"post-214943","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-miami","8":"tag-billionaires","9":"tag-miami","10":"tag-miami-headlines","11":"tag-miami-news","12":"tag-nfl","13":"tag-xiaomi"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/214943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=214943"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/214943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/214944"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=214943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=214943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=214943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}