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Thread: Hyde: Ross no interest in dolphins moving to LA despite stadium bid

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    phinatic1399's Avatar
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    Hyde: Ross no interest in dolphins moving to LA despite stadium bid

    When a new venture of Dolphins owner Steve Ross is studying a possible buy of AEG Facilities, which manages the proposed football stadium in Los Angeles, some Dolphins fans worried about their team possibly moving if public financing for Sun Life Stadium renovations aren't approved.
    "I have no interest at all in moving the Dolphins,'' Ross said in an e-mail. The bid, he said, is, "is strictly advancing our real estate, sports, entertainment and technology business."
    RSE Ventures, which Ross formed last year and bid on AEG, already has bought or created eight sports-related companies, according to CEO Matt Higgins. Rather than take away anything from South Florida, Higgins said Ross wants to use Sun Life Stadium as a, "place to incubate new innovation.''


    One of the companies bought by RSE Ventures, Leap Seats, had its technology used at Dolphins games in December. Fans' tickets were scanned upon entering the game. They were then offered a chance to upgrade their tickets, Higgins said.
    Relevant Sports, another company of RSE Ventures, is organizing an international soccer event at Sun Life that will be announced in the next month. Higgins said, "five marquee matches,'' will be held at Sun Life this year.
    [QUOTE][Higgins reiterated the bid for AEG Facilities has nothing to do with the Dolphins threatening a move from South Florida if recently discussed public financing isn't approved for stadium renovations. Ross's Related Group has a large presence in Los Angeles real estate already.
    It is part of the Ross's vision to build a sports real-estate and technology business, Higgins said. AEG manages several arenas and stadiums throughout the world, including AmericaAirlines /QUOTE]

    http://www.sun-sentinel.com/sports/m...,2035000.story
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    So he has money to pay $7 billion but not $400 million....LOL

    Another GOPer that loves corporate welfare...
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    Hayden Fox's Avatar
    At the end of the day...

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    1972 Dolphins LogoMike Wallace 11Cam Wake 91Tannehill 17Dolphin
    Do the stadium upgrades.
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    phinatic1399's Avatar
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    Do the stadium upgrades.
    I agree. And out a winning team on the field and the fans will come back.
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    Lets get those balls deep!!

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    Man I cant wait to see the day when the stadium looks GOOD and the place is packed full of rowdy fans. I live in Portland Oregon now and get to go to Blazers games regularly, talk about rowdy atmosphere. I hope Miami can get somewhere near there someday again. Then I will make the move away from rainy days and live it up in the sun.
    "hey atleast I'm housebroken!"
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    The man needs to invest in his team if he has so much money to spend.
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    Quote Originally Posted by DeathStar View Post
    So he has money to pay $7 billion but not $400 million....LOL

    Another GOPer that loves corporate welfare...
    Sigh. Stephen Ross did not buy a football team to lose more money than he has to. His point with the stadium is that if Miami feels it needs to renovate Sun Life and get all the benefits that come along with it, the city will have to kick in money, because otherwise it won't be profitable to him and his investors. He's investing his own money (actually his company's money, which is different than the money that was used to finance the Dolphins, but that's another story) in AEG, or at least exploring it, because he predicts it will be profitable to do so. He's been pretty successful at it in the past, so there's a good chance he will turn a profit.

    Would you, say, move a professional football team to Wyoming unless you were getting a fat public subsidy? Of course you wouldn't. The fact is, the city can always say no, and face the consequences. If that means the Dolphins end up moving, so be it. Dolphins home games are empty anyway, so obviously most people won't be devastated.

    It's funny. People elect politicians, and at times directly approve of tax hikes to fund stadiums. When it doesn't turn out as planned, it's always "corporate greed" that gets blamed. You get what you vote for. (Isn't Miami/Dade virtually all Democrat anyway).

    ---------- Post added at 09:57 AM ---------- Previous post was at 09:55 AM ----------

    Quote Originally Posted by jcfishfan View Post
    The man needs to invest in his team if he has so much money to spend.
    It's not "his" money that might be going to AEG. It's his company's, which, if he were to invest in the Dolphins, he would face an immediate law suit from his investors.
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