Merged: Huizenga so frustrated he might sell Dolphins
106 replies
Dolphins owner Wayne Huizenga has told several sources -- both inside and outside of the organization -- he is considering selling the team and the stadium because of his continued frustrations with Miami's current winless state.
His asking price would be between $1.1 billion and $1.2 billion, a high-end source has told The Miami Herald.
Huizenga declined to comment through the Dolphins media relations department and on Friday was not made available to speak with reporters as he left the team's Davie practice facility. Four sources have confirmed Huizenga's state of mind to The Herald
Huizenga has spoken to several confidants outside of the organization, voicing those same frustrations while even naming potential suitors who would be willing to enter into negotiations.
Sources within the organization are also aware of Huizenga's growing discontent and potential desire to sell the team. Huizenga has in the past said the Dolphins are not for sale, but always added the caveat that he would consider any serious offer.
A source with the Florida Panthers told The Herald this week that, at one point last year Huizenga spoke with advertising executive (and Panthers minority owner) Jordan Zimmerman about potential interest. Those talks were very preliminary, and they did not materialize into anything nearly as serious as Huizenga's current considerations.
Zimmerman told The Herald this week he is not interested in buying the team at this point.
The Dolphins are currently the only NFL team without a victory. The team has three more opportunities to win a game and avoid becoming the first NFL team ever to lose every game in a 16-game season.
Forbes Magazine this year valued the Dolphins at $942 million, with a revenue stream of approximately $215 million. The valuation makes the Dolphins the 15th-priciest NFL franchise. The Dallas Cowboys, by comparison, were the highest valued at $1.5 billion. The Minnesota Vikings were the lowest at $782 million.
The Dolphins organization and Dolphin Stadium would be offered as a package deal assuming a sale happens. Huizenga purchased the team from the Robbie family in 1994 for $138 million.
It is interesting that Huizenga has made comments about selling despite his recent commitment to spend approximately $250 million to upgrade Dolphin Stadium, with the final phase of that upgrade to be completed by 2009.
When Huizenga initially agreed to purchase the team, he needed to wait more than three years before officially becoming the team's owner because of the league's cross-ownership policy, which was altered in 1997 to allow controlling interest in other sports.
Since, however, his investment has gained $804 million in worth.
When he purchased the NFL team, he also owned the Marlins and the Panthers, which he brought to South Florida. He has since sold his interests in both the baseball and hockey organizations.
namorNew Member1.2 billion?...Damn,...ok boys lets pass the plate and see what
we can come up with.
Desidesforum_veteranIf true, this is a phase. It will pass as the team rebuilds.
I think this also provides some supporting evidence to the idea that Huizenga absolutely would not sign off on rebuilding the team in years past.
"Not you." — Tywin Lannister
Vertical Limitforum_veteranI say we raise up the prices for FinHeaven VIP by 10,000%, and in 3 years, we can re-name the stadium FinHeaven Stadium .
NaboCaneNew Memberbe careful what you wish for, you just may get it.
any new owner is going to face tempting enticements to move the team to los angeles, the second-largest market in the us - without an nfl franchise.
could you root for the los angeles dolphins?
Desidesforum_veteran"NaboCane wrote:
be careful what you wish for, you just may get it.
any new owner is going to face tempting enticements to move the team to los angeles, the second-largest market in the us - without an nfl franchise.
could you root for the los angeles dolphins?
The NFL would not allow that. Not this franchise. Even in the midst of the worst few years in team history, the Dolphins are still the NFL's 13th most popular franchise.
Jacksonville and Minnesota stand to lose their franchises, not Miami. The Jags have to pull tarp over 10,000 seats just to sell out ticket allotments, and Zigi Wylf seems to be be doing everything he can to bail on the Twin Cities.
"Not you." — Tywin Lannister
Rick 1966forum_veteranGood. I hope he does sell it...to someone with some knowledge of the NFL and who to hire to run the operation.
Nublar7New MemberIf Huizenga is looking to sell the team this offseason, don't expect a coaching change. This news just ended any speculation onto whether Cameron would get fired. If this news is true, Cameron is coming back in 2008. Huizenga has no reason to fire him, eat some of that contract and then hand out another big contract to another coach. Won't happen. Looks like Cameron just saved his job.
Frumundah FinnaticNew Member"NaboCane wrote:
be careful what you wish for, you just may get it.
any new owner is going to face tempting enticements to move the team to los angeles, the second-largest market in the us - without an nfl franchise.
could you root for the los angeles dolphins?
That wont happen, Miami is by no means a small market.
I'm all for a new owner, as Ahnold said to the Predator "Do it!" Do it Now!"
MonstBlitz;2232016 wrote:
It wouldn't surprise me if he is retained. Jeff Ireland is the nightmare that won't end. The **** stain you cannot flush. The Herpes for which there is no cure.
lbmclean_sjNew Member"Nublar7 wrote:
If Huizenga is looking to sell the team this offseason, don't expect a coaching change. This news just ended any speculation onto whether Cameron would get fired. If this news is true, Cameron is coming back in 2008. Huizenga has no reason to fire him, eat some of that contract and then hand out another big contract to another coach. Won't happen. Looks like Cameron just saved his job.
I had hoped that it meant just the opposite, but I guess you are right
I'll be happy to say bye, bye to Wayne if it's true, Since he took over ownership this team has been on a decline.
padre31luxury_boxAnd it could be that Wayne is letting his displeasure with this team be known to the public..
LA is just not a NFL town, they just don't support NFL franchises.
Wayne won't sell and I hope he doesn't. Unlike most of the posters on this forum I think Wayne is a GREAT owner.
CitizenSnipsNew Memberthis doesn't really say anything. The article says the dolphins are worth 940million, waynes asking for 1.2 billion.
Yea, i'd consider selling the team too if someone offered me 50million more than it was worth.
NJFINSFAN1luxury_boxI would love to see a group of Marino and Curtis Martin buy the team.
"CitizenSnips wrote:
this doesn't really say anything. The article says the dolphins are worth 940million, waynes asking for 1.2 billion.
Yea, i'd consider selling the team too if someone offered me 50million more than it was worth.
That would be $260 million more than it is worth!
Mickey Arison should buy the Dolphins if Wayne will sell. One of his cruise ships is worth $1 billion.
Desidesforum_veteran"psingh01 wrote:
Mickey Arison should buy the Dolphins if Wayne will sell. One of his cruise ships is worth $1 billion.
Arison would tighten the purse strings. (Look at his dogged refusal to go over the luxury tax threshold when it's obvious the Heat need help.)
"Not you." — Tywin Lannister
Nublar7New MemberLooks like this could be the next owner of the Miami Dolphins:
I'm sure Finheaven can reach 1.2 billion memebers at one point. If we all picthed in a dollar at that point, we could buy the team!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Regan21286New Member"NaboCane wrote:
be careful what you wish for, you just may get it.
any new owner is going to face tempting enticements to move the team to los angeles, the second-largest market in the us - without an nfl franchise.
could you root for the los angeles dolphins?
I sure can. :lol:
But I hope the next owner is loaded with cash and not like Jeffery Loria of the Marlins.
Final MCAT attempt 5/28
Results: ???
Goal: 38+, Latest practice tests: 37, 35, 39
magnumNew MemberDanold Trump Mark Cuban ?
NaboCaneNew Member"NJFINSFAN1 wrote:
I would love to see a group of Marino and Curtis Martin buy the team.
i'll bet huizenga would take less for the franchise if marino was involved.
plus marino would be invulnerable to league wishes and/or enticements to move.
you know what would make this bulletproof for miami? if marino and emilio/gloria estefan were part of the group.
NaboCaneNew Member"Regan21286 wrote:
I sure can. :lol:
But I hope the next owner is loaded with cash and not like Jeffery Loria of the Marlins.
man, you hit the nail right on the head.
look at how, even after winning a world series, the team couldn't even find ONE local suitor willing and able to take on the franchise.
it wouldn't be that hard to find a cash-rich person or group in la to fund a purchase, and even build a brand-new stadium.
Dorfdadforum_veteran"NaboCane wrote:
be careful what you wish for, you just may get it.
any new owner is going to face tempting enticements to move the team to los angeles, the second-largest market in the us - without an nfl franchise.
could you root for the los angeles dolphins?
Come on that wont happen to a team in South Florida..
I know it happens else where, but the weather, the superbowls and the lifestyle in Miami are heads better than those in LA..
:hump:
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