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Reuters

Bloomberg

Chinese-American tech billionaire Lin Bin bought a small ⁠stake in ⁠the National Football League’s Miami Dolphins at a ⁠valuation of US$12.5 billion, a record for a publicly known minority transaction, Sportico reported on Tuesday.
Bin is acquiring a 1 per cent stake in the holding company that owns ‌the Dolphins, Hard Rock Stadium, Formula One’s Miami Grand Prix and part of the Miami Open tennis tournament.
The previous top valuation for a minority transaction was US$10 billion, set in October, when the Koch family bought 10 per cent of the New ⁠York Giants.
The NFL’s finance committee approved Bin’s purchase. Approval from ‌league owners is expected to follow at their annual meeting in late March.
Bin, a consumer electronics ‌magnate, is the co-founder and vice-chairman of Xiaomi, a ⁠leading smartphone ⁠vendor headquartered in Beijing.

With an estimated net worth of US$10.3 billion, Bin ranked ‌No 305 on Tuesday in Forbes’ real-time ranking of the wealthiest people in the ‌world. He ‌worked in engineering at Google and Microsoft after obtaining ‌a master’s degree in computer science from Drexel.
Lin played a pivotal role in building Xiaomi into a global tech powerhouse that is now the world’s third-largest smartphone maker and has also expanded into the electric vehicle sector.
Other Chinese executives have bought stakes in American sports teams. Joe Tsai, co-founder of Alibaba Group Holding Ltd, bought the Brooklyn Nets basketball team along with its Barclays Center arena for US$3.5 billion in 2019.
The Dolphins’ majority owner, billionaire developer Stephen Ross, acquired the team in 2009. He had ⁠previously struck a pair of deals, each with a US$8.1 billion ⁠valuation, to sell 10 per cent of the team to Ares Management and 3 per cent to Brooklyn Nets owners Joe Tsai ‌and Oliver Weisberg.

Ross, whose net worth is $15 billion according to the Bloomberg Billionaires Index, is the developer behind New York’s Hudson Yards. He has shifted his focus to Palm Beach County, Florida, where he moved full time during the pandemic.
Sports franchise valuations have skyrocketed in recent years. At an event in January, Ross said he had been offered as much as US$15 billion for the team.
“I don’t think there’s a better asset,” Ross said, saying that he plans to keep majority ownership in his family.
Miami slumped to a 7-10 record in 2025 and made significant personnel changes after missing a second straight postseason. Jeff Hafley replaced Mike McDaniel as head coach and Jon-Eric Sullivan was hired as general manager.


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NFL (National Football League)

Chinese billionaire Lin Bin buys stake in Miami Dolphins valued at US$12.5 billion: report

Miami Dolphins running back De’Von Achane (28) and his team in action against the Cincinnati Bengals at Hard Rock Stadium in Miami Gardens, Florida in December. Photo: TNS

Chinese-American tech billionaire Lin Bin is ranked No 305 on a list of wealthiest people. Photo: Zigor Aldama

Miami Dolphins majority owner Stephen Ross (centre) introduces new general manager Jon-Eric Sullivan (left) and head coach Jeff Hafley (right) at a press conference last month. Photo: TNS

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Hong Kong’s Tsz Kwan Li (left) said missing out on the Asian Games was ‘quite discouraging’. Photo: Yik Yeung-man

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Sport

Other Sport

Co-founder of electronics giant Xiaomi acquires 1 per cent of holding company whose assets include Hard Rock Stadium, Miami Grand Prix


Co-founder of electronics giant Xiaomi acquires 1 per cent of holding company whose assets include Hard Rock Stadium, Miami Grand Prix.


Xiaomi

Chinese billionaire Lin Bin buys stake in Miami Dolphins valued at US$12.5 billion: report

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Co-founder of electronics giant Xiaomi acquires 1 per cent of holding company whose assets include Hard Rock Stadium, Miami Grand Prix

Co-founder of electronics giant Xiaomi acquires 1 per cent of holding company whose assets include Hard Rock Stadium, Miami Grand Prix