Tuesday, January 20, 2009

The sale is complete...well sort of...

To avoid the tax man, H completed the sale of the Dolphins today.  Stephen Ross is now the majority owner of the team.
 
Now, the caveat: Ross doesn't quite have the cash to complete the transaction financially, so he has to make a few "deferred payments" to follow through.
 
But essentially, he now owns 95% of the team and the stadium.

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