Ares Management, Joe Tsai and Oliver Weisberg to acquire a 13% stake in Miami Dolphins.

Private equity firm Ares Management, Joe Tsai and Oliver Weisberg to acquire a 13% stake in Miami Dolphins, a professional American football team. Financial terms were not disclosed. Ares will acquire a 10% stake, while Tsai and Weisberg together will hold a 3% interest, pending final closing of the agreements. "As we continue our relentless pursuit of building a best-in-class organization, we were fortunate to attract significant interest from multiple investors, which gave us the opportunity to be highly selective in choosing partners who align with our core values and long-term vision. I couldn't be happier to welcome Ares, Joe, and Ollie to our investment group. They each bring invaluable expertise to the table, with a shared commitment to innovation, growth and doing things first class. Together, with the resources from this transaction, we will prioritize continued investment into the Dolphins, additional sports assets and South Florida real estate to fuel dynamic growth and innovation in the region for years to come," Stephen Ross, Miami Dolphins Chairman.