{"id":789979,"date":"2026-03-03T22:04:14","date_gmt":"2026-03-03T22:04:14","guid":{"rendered":"https:\/\/www.rawchili.com\/nfl\/789979\/"},"modified":"2026-03-03T22:04:14","modified_gmt":"2026-03-03T22:04:14","slug":"miami-dolphins-stake-sold-to-lin-bin-at-record-12-5-billion-valuation","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/nfl\/789979\/","title":{"rendered":"Miami Dolphins Stake Sold to Lin Bin at Record $12.5 Billion Valuation"},"content":{"rendered":"

\n\tThe Miami Dolphins<\/a> are adding a new limited partner to their ownership group at a record valuation for a publicly known minority transaction, according to multiple people familiar with the matter.<\/p>\n

\n\tLin Bin, the co-founder and vice chairman of Chinese consumer electronics company Xiaomi, has reached an agreement to buy a 1% stake in the holding company that owns the Dolphins, Hard Rock Stadium, the Formula 1 Miami Grand Prix and a piece of tennis\u2019 Miami Open at a $12.5 billion valuation, said the people, who were granted anonymity because the matter is private.<\/p>\n

\n\tWhile the NFL<\/a>\u2019s finance committee has approved the deal, a full vote among the owners is pending, one of the people said. Representatives for Xiaomi, the NFL and the Miami Dolphins did not immediately reply to requests for comment.<\/p>\n

\n\tThe deal comes as NFL valuations skyrocket. The average franchise in the 32-team league is worth $7.13 billion<\/a>, up 20% from 2024. The Dolphins, which are controlled by real estate billionaire<\/a> Stephen Ross<\/a>, ranked seventh on that list, with an enterprise value of $8.25 billion. The New York Giants sold a 10% stake at a more than $10 billion last year, the previous high mark<\/a> for a limited partner transaction.<\/p>\n

\n\tOver the past few years, Ross has made strategic additions to the team\u2019s cap table. In 2024, he sold a 3% stake to Brooklyn Nets owner Joe Tsai<\/a> and Blue Pool Capital CEO Oliver Weisberg at an $8.1 billion<\/a> valuation. That coincided with one of the NFL\u2019s first private equity deals, with Ares Management purchasing 10% of the Dolphins at the same price.<\/p>\n

\n\tAfter stops at ADP, Microsoft and Google, the China-born Bin co-founded Xiaomi in 2010. He served as its president until 2019, overseeing legal, finance, recruiting, strategic partnerships and global expansion. Bin\u2014who is a U.S. citizen and resides in Beijing, according to Forbes\u2014eventually moved into the vice chairman role, which he occupies today.<\/p>\n

\n\tIn 2018, Xiaomi went public on the Hong Kong Stock Exchange and has a market capitalization north of $100 billion (HK$819 billion), based on current exchange rates. The company had the third-largest share<\/a> of the global smartphone market in 2025, according to research firm Counterpoint.<\/p>\n

\n\tForbes estimates Bin is worth $10.4 billion<\/a>.<\/p>\n

\n\t(The headline has been updated for specificity with the valuation of $12.5 billion, rather than $12 billion, and the story has been updated with context on Lin Bin.)<\/p>\n","protected":false},"excerpt":{"rendered":"The Miami Dolphins are adding a new limited partner to their ownership group at a record valuation for…\n","protected":false},"author":2,"featured_media":789980,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[7,38511,251,6,41692],"class_list":["post-789979","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nfl","tag-football","tag-joe-tsai","tag-miami-dolphins","tag-nfl","tag-stephen-ross"],"share_on_mastodon":{"url":"https:\/\/channels.im\/@nfl\/116167512169856214","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/posts\/789979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/comments?post=789979"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/posts\/789979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/media\/789980"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/media?parent=789979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/categories?post=789979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/tags?post=789979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}