The Miami Dolphins and Chairman of the Board Stephen M. Ross have announced this strategic investment by Ares Management funds (Ares) along with Tsai and Weisberg.

In addition to the Miami Dolphins, the transaction includes assets such as Hard Rock Stadium and the Formula 1 Crypto.com Miami Grand Prix, with the investment fueling continued growth across Ross’ diverse South Florida-based sports and entertainment portfolio. Ares will acquire a 10% stake, while Tsai and Weisberg together will hold a 3% interest, pending final closing of the agreements. The minority, non-controlling interest sale was approved by the NFL at the league meeting on 11 December.

The Hogan Lovells deal team was led by our Global Head of Sports and partner Matthew Eisler (New York, Denver), partners Russell Hedman (M&A, Denver) and Steve Argeris (M&A, New York), senior associate Spencer Caldwell-McMillan (M&A, New York), and associate CJ Harrington (M&A, Washington, D.C.)