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Ken Griffin and the $7.5 Billion Dolphins Deal That Wasn’t

Griffin’s bid for a minority stake in the team, which was foiled by a thwarted path to control, nevertheless creates a new high-water mark for the NFL and its “membership” of billionaires.

ken griffin
Even if Griffin’s deal didn’t quite materialize, it still unofficially sets the market for an NFL franchise. Photo: Patrick T. Fallon/AFP/Getty Images
John Ourand
March 21, 2024

First, a bit of news… Ken Griffin, the brusque billionaire hedge fund manager and adopted Floridian, has seen his effort to buy a minority stake in the Miami Dolphins break down. Griffin, C.E.O. of Citadel, first engaged in negotiations with Dolphins majority owner Stephen Ross, a real estate tycoon, back in the fall. And talks progressed so far that I was told during Super Bowl week that a deal was 90 percent done.