Stephen Ross sells sliver of Dolphins at record valuation

There’s a general belief that equity in an NFL franchise is more valuable when it comes with control. That general belief continues to be debunked.

The record valuation for controlling interest in a franchise, following the sale of the Seahawks to a Steelers fan whose preferred team currently has a better record, is $9.612 billion. Multiple minority, non-controlling shares have gone for more than that.