Huizenga Sells 50 Percent Stake in Dolphins

INDIANAPOLIS--The Miami Dolphins announced that owner Wayne Huizenga has sold half the franchise to real estate developer Stephen Ross.

"I have always said that I wanted to bring in a partner, and I can't think of anyone more appropriate than Steve," Huizenga said in a written statement released by the team. "He has unbridled enthusiasm and I couldn't feel better about the future than I do with Steve as my partner and Bill Parcells running football operations."

Huizenga remains the franchise's managing partner, the Dolphins announced. Huizenga reportedly promised Parcells when he hired the former coach to run the Dolphins' football operations that he would retain controlling interest in the team.

The financial terms of the transaction weren't disclosed. The deal must be approved by the other NFL owners.

"Having grown up in South Florida, Dolphins football has been a lifetime passion for me," Ross said in a written statement. "I am energized by this opportunity and look forward to being able to once again watch the Dolphins win a Super Bowl alongside all the other loyal Dolphin fans."

By Mark Maske |  February 22, 2008; 5:06 PM ET  | Category:  Dolphins
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