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Dolphins owner turns down massive offer for control of team

Miami Dolphins owner Stephen Ross recently got an offer that most would have a hard time turning down.

Ross passed on a $10 billion offer for control of the Dolphins, Hard Rock Stadium and the Formula One Miami Grand Prix from billionaire Ken Griffin, the CEO of multinational hedge fund Citadel LLC, according to USA Today. The outlet notes that the 83-year-old owner would prefer to keep the properties in his family.

The Dolphins are valued at $5.7 billion, the 11th-highest valuation in the NFL, per Forbeswhich also estimates the Miami Grand Prix brings in an estimated $350 million to $500 million in operating income thanks to its 15-year deal with Formula 1.

Ross had reportedly started shopping a stake in the aforementioned three properties back in November and was allegedly seeking more than $6 billion for the minority stake in all three enterprises.

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