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?
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?
posted by Armando Salguero at 3:26 PM
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27 Comments:
PARCELLS WILL GO IN 2 YEARS DONT THINK ANY1 WAS EXPECTING MORE THAN THAT ANYWAYS THIS JUST GIVES HIM MORE OF A REASON NOW!!
Parcells probably knew this was happenning all along. This doesn't just happen overnight.
Wayne probably has agred to remain in control for four years. If Parcells is successful, no one will uproot him. If he is not, then he would get fired anyway.
im sure ross is smart enough to no interfear with parcells
Armando, welcome to the show…
Why is it that Jay Glazer of Fox Sports continually breaks stories from the Herald’s own back yard? Not only that, but I saw it 2nd hand on PFT before it was posted here.
Let's just hope that Ross stays in the background and does not try to force his way into the forefront..that would be an ugly site from the start..
Hey "Anonymous".
First of all Glazer breaks almost everything first and is highly connected. He is on a different level than a newspaper reporter.
I would say Armando does a good job of letting people know pretty quickly what's going on.
If you spend all day refreshing PFT because you have no life, well then kudos to you. I checked PFT an hour or two ago, and the I just checked it again and saw the news. I then came to the Herald and saw Armando's blog. SO they all broke within an hour or two of each other. And you criticize a newspaper reporter, a local beat guy, about that?
Get a life you ignorant, sad excuse for a man.
What kind of prick checks a website every five minutes, sees a story then starts a stopwatch to see when Armando Salguero posts the same story?
Aren't you glad you have a local guy who tries to post at least every day just to give you something. Then you guys cry because you don't like the story that day.
Dude, just BITE ME.
Oh and by the way. Glazer posted at 1 something but had no name or any complete info. PFT posted the info with name at 3:15, and Armando Posted within 10 minutes of that with twice as much article.
Do you think maybe Armando stopped and took the time to write the piece. PFT put it out there updating after Glazer while Armando made one complete post with opinions.
Are you really nitpicking 10 minutes?
Hopefully Huzienga let Parcells in on this before it happened. Doubt Parcells cares as long as no one questions any decision he makes. I am sure Ross knows this and it was part of the agreement. So Ross will probably have to wait four years before being able to act like Arthur Blank, Jerry Jones, and Daniel Snydor.
By the way I dont always agree with Ron in charlotte but in this case I do. Leave Armando alone about being behind Glazer. Glazer gets the info and immediately puts it out. Armando has to confirm the story and then write an article which takes time. His resources at the Herald are also significantly less than an ESPN etc.
Oh my God what in the hell is wrong with you people? Why does anyone give a crap about who broke what story first? I can't figure out why some people are so obsessed with trying to show up Armando. Is your life so pathetic that you feel the need to point fingers about who broke a story first? What does that prove? Maybe Mando was on the can when it went down. Or maybe he was putting a little thought into his write up unlike the other robots who only write the facts. Armando gives us his opinions and gives us a forum to express our own. We're not solving the worlds problems in here, just talking a little football. If you don't like him stay the hell out of here you pathetic loser. NYScott
Also, this is great news and Ross seems like the type of owner that will put his heart and soul into this team. I'm pretty sure these guys were smart about it and Parcells knew what was going on the whole time. If not so be it. Parcells isn't God and if he leaves in two years we are still going to be in better shape than we have been in years. Ireland and Sparano will have had plenty of time being taught by the tuna and should be ready to run things on their own by then. NYScott
LOL Ron in Charlotte even got a rise out of edswood…nice work.
Funny that you call me a loser then spend the time to prove me wrong…
Since you refresh this blog every 5 minutes, why don’t you tell me what kind of prick it takes…I’m sure you’ve taken a lot of them.
Who is the bigger loser, the guy who cried about Armando, the guy who defended Armando, or me for wasting the time to make fun of both of you clowns?
I TAKE BIG PRICKS CUZ I AM SOOOOO GAY!!!!
GO JETS!!!!!
That was actually funny anonymous. But it doesnt take much to get a rise out of me. The picture of Ron doesnt do the trick but a stiff breeze works hence the nickname. As far as pricks not my forte, because it takes a females thighs to put a rise in my levi's.
I dont see why Parcells would be pissed. Wayne told Parcells that he would still be the owner while Parcells is here. Yeah he did sell half of it, but Ross even said that Wayne is still the top dawg of everything. Wayne isnt a type of guy that would stab Parcells in the back. Parcells was probably one of the first guys Wayne told about all of this. No worries.
Maybe Mando was on the can when it went down.
THAT was funny..... I assume you meant the story....
Now with a little bit money in his pocket maybe he can ask zach thomas please come back home.
Armando breaks more stories on the Dolphins than anyone. He had that Tony Sparano would be the Dolphins coach in December. Look it up, its on this blog's archives.
He told us Zach's status with Miami was tenuous. Look it up, it's in the archives. He told us Randy Mueller would be fired before anyone. Look it up, it's in the archives.
Those are the ones that come to mind. I didn't have to look it up because I pretty much come on here every day for the latest Dolphins information.
Jay Glazer? Are you freaking kidding me? And the other local guys aren't even close.
By the way, if my memory serves, Mando also had the fact Zach got a contract offer from the Pats before anyone. Does that make him perfect? I don't think so. But he's damn good.
Sunnunu said...
Nice try Armando!
The Herald began to suck the day J Cole left.
You guys are amazing. Its not anyone that always has the news faster than Joe Schad. The rest of these guys sweep up whats left.
``As I get older, it's time to bring someone else in. We don't need some old guy limping around here trying to run this franchise. . . .'- 70 year old Wayne Huizenga on the sale of 50% ownership of the Miami Dolphins to 67 year old Stephen Ross.
Uhhh... hello? Earth to Planet Wayne. My guess is that he is experiencing the early onset of Alzheimer's disease and want s to get rid of the team before he goes off the deep end.
It was about time he sold the team. As much as many people have been saying that Wayne is a good owner, he really didn't do much to improve the team. He actually made it worse, almost becoming the only team in the NFL to go 0-16. All of this from an owner who said that even though he had success with the Marlins and Panthers, his true passion and love is with the Dolphins. Great!! Now take that misserable love some place else.
PFT says B. Johnson is headed to the Bills. Our division is on fire in the first two days! Well...aside from the Patsies...who always sign guys late. The Bills and Jets are making a splash too...sucks.
God I hope we get Pace and don't have to face him on the Jets.
To the guys above arguing over Jake vs. Chris vs. Ryan vs. McFadden. That kind of arguing is exactly what Parcels wants. He doesn't want us to have any "glaring" needs so he can lead other potential trade suitors to believe what he wants.
In the end we'll do one of two things...trade down, or draft Jake Long. Chris is nice, but a tweener. I'd be more willing to be we'd draft Gholston before C. Long. Ryan...please...no way Tuna takes him #1. He's no D. Bledsoe. This year's crop is level, and there's not enough difference in the top 4-6 QB's. He'll take someone later and see if Beck will sink or swim.
I don't "THINK" JT is going anywhere...but since the were kind enough to have released Zach early so he could sign anywhere...I would not be surprise to see them send JT to a true contender in the NFC. I would believe the Pack rumor has some merit.
However...here's my hope on the front 7:
Holliday / R. Wright
Ferguson / Soliai
Starks / Q. Moses
JT / Joey Porter
Crowder / D. Spragan
Torber / K. Smith
Pace / A. Wright
Don't forget we're talking to Charlie Anderson AND we have Abraham Wright! If we sign Pace AND Anderson...then the rumor about JT is probably dead on.
By Bucky Brooks, SI.com
According to a league source, the Dolphins have agreed to terms with free agent defensive end Calvin Pace.
The fifth-year pro is coming off his best season after recording 98 tackles, including 6 1/2 sacks. The financial terms haven't been disclosed but is believed to include over $20 million in guaranteed money.
Pace's signing leaves Joey Porter's status with the team in limbo after being the team's marquee signing a season ago.
Charlie Anderson's signing is confirmed by MiamiDolphins.com as is Starks...just need more than SI confirming Pace now!
Will Ross be approved by the league, considering his connections with mobbed-up DiFama Concrete?
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