Dolphins, Bills sell stakes in team to private equity firms for first time in NFL history
Ares Management purchased 10 percent of the Dolphins, the team announced after the vote. Brooklyn Nets and New York Liberty owner Joseph Tsai also purchased three percent of the Dolphins. In total, 13 percent of the Dolphins’ shares were sold.
NFL allows Miami Dolphins and Buffalo Bills to add private equity owners
In a first for the National Football League, two private equity firms, Ares Management and Arctos Partners, have clinched separate deals to buy minority stakes in two franchises. Ares is investing in the Miami Dolphins while Arctos Partners is taking a chunk of the Buffalo Bills.
NFL, Dolphins and Houston Texans
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