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Stephen Ross Is Shopping a Fifth of the Miami Grand Prix
Dolphins owner Stephen Ross is in advanced talks to sell a 20% stake in Formula One's Miami Grand Prix to private equity firm Otro Capital. It's the latest step in Ross carving his sports empire into pieces that can each be priced on their own: 13% of the Dolphins, stadium and race to Ares and Joe Tsai at about $8.1 billion in 2024, 1% of the Dolphins to Lin Bin at a record $12.5 billion this March, and everything moved into Ross Sports & Entertainment in August. In this week's Friday Deep Dive, we look at the buyer (Otro, whose lock on selling its Alpine F1 stake expired this month), the…
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