Sale of Team

by urbino on Dec 19, 2007 12:56 AM EST Comment 7 comments

Just heard on ESPN's "NFL Live" that Wayne Huizenga is saying he "still intends" to sell the team. I didn't even know it had been firmly established -- much less publicly admitted by Wayne -- that he ever intended to sell the team; now he tells ESPN he "still intends" to sell. Maybe those tears on Sunday were from the dollar signs in his eyes causing some irritation.

What does this mean? How does it affect the GM/HC rumors?

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It's impossible to know...

...the effects of a potential sale until we can learn about who the new owner might be.

by Matty I on Dec 19, 2007 1:17 AM EST reply actions 0 recs

Not Entirely Impossible

It's possible to know the effect of sale rumors on signing a new GM or HC. For example, ISTM these rumors give Atlanta a distinct advantage in the Bill Parcells sweepstakes, if it's true the Dolphins are even interested in him. A GM or HC is hardly likely to take a job with the Dolphins with the possibility of a new owner hanging out there. Not much job security in that.

by urbino on Dec 19, 2007 1:41 AM EST up reply actions 0 recs

I dont think

We need a new GM but if we have a new owner everyone will probably go bye bye.

by Finz4eva on Dec 19, 2007 9:03 AM EST reply actions 0 recs

Guys...

I think it all depends on whether the sale is a minority sale or majority sale.

Remember Huizenga bought like 15-20% from the robbies, becoming a minority owner, before buying the rest a few years later.

As a minority owner, the new person/people, would NOT be the ones making the decision to hire/fire the HC or GM.

Now if the new people become majority owners, then it is their call on the GM & HC

by Natalya on Dec 19, 2007 9:46 AM EST reply actions 0 recs

True

But all the rumors, at least, have been of an outright sale, not a minority purchase.

by urbino on Dec 19, 2007 3:09 PM EST up reply actions 0 recs

Just some info from the paper

The Related Companies, the New York real estate firm whose chairman and CEO is looking at buying the Dolphins, announced Monday it has received $1.4 billion from a slate of investors that includes Goldman Sachs, the investment company for Michael S. Dell and Middle Eastern interests.

The announcement comes just as word has spread of Related CEO Stephen M. Ross' interest in leading a bid for the Dolphins and Dolphin Stadium that could include Related Group founder and chairman Jorge Perez. But sources said the investment has been in the works for more than six months and is unrelated to Ross' interest in the Dolphins.

Goldman Sachs and MSD Capital, which handles the investments for the CEO of Dell Inc., bought a 7.5 percent stake in the company for about $400 million. The Mubadala Development Co., an investment arm of the government of Abu Dhabi, United Arab Emirates, The Olayan Group, of Saudi Arabia, and an unnamed international investor are investing about $1 billion in debt.

Matt

by Matt27 on Dec 19, 2007 12:11 PM EST reply actions 0 recs