PALM BEACH, Fla. — NFL owners unanimously approved Wayne Huizenga’s sale of 50 percent of the Miami Dolphins to New York real estate billionaire Stephen Ross on Monday at the league meetings.
Huizenga will remain as managing partner of the club for the near future, setting no timetable for when Ross will take command. Ross is spending about $550 million for his share of the team and will have options to buy up to 95 percent.
Ross also is buying Dolphin Stadium and surrounding land.
“This is a bittersweet moment for us,” Huizenga said, “but we’ll be staying on a little longer. I am pleased that when my time comes to turn it over, that Steve will be a great owner.”
The 67-year-old Ross is a former minority owner of the NHL’s New York Islanders who once tried to purchase the NFL’s New York Jets.
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