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MIAMI - New York real estate billionaire Stephen Ross became

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MIAMI - New York real estate billionaire Stephen Ross became

Postby lossjean on Sun Nov 13, 2011 11:15 pm

MIAMI - New York real estate billionaire Stephen Ross became majority owner of the Miami Dolphins on Tuesday, completing his purchase of 95 per cent of the franchise for US$1 billion, with Wayne Huizenga retaining a five per cent interest. Ravens Jersey . The two businessmen reached an agreement to complete a deal forged last February. At that time Ross bought 50 per cent of the franchise, Dolphin Stadium and surrounding land from Huizenga for $550 million, with an agreement that Ross would later become managing general partner. Ross closed on the purchase of an additional 45 per cent Tuesday. That part of the agreement received pre-approval from the NFL in October. Huizenga, 71, became sole owner of the Dolphins in 1994. A year ago he said it was time for another person to assume control. Ross takes over with the franchises fortunes on the upswing. When the first phase of his purchase was completed, the Dolphins were coming off a 1-15 season, worst in franchise history. Under the new Bill Parcells regime, they improved to 11-6 this season and made the playoffs for the first time since 2001. The sale triggers a clause in Parcells contract allowing him to leave and still receive the $9-to-$12 million remaining on his four-year contract. After the team lost in the first round of the playoffs, Huizenga said Parcells had decided to remain for another season. Ross gave Parcells an endorsement Tuesday. I want to assure Dolphin fans that I share Waynes same passion to win and will do everything I can to support Bill Parcells in his leadership of football operations, Ross said in a statement. General manager Jeff Ireland, scouting players preparing Tuesday for the Senior Bowl in Mobile, Ala., was asked if he would be surprised if Parcells departed. Yeah, Id be shocked, Ireland said. Obviously that would be something that we would not like to see happen. But anything can happen in this business. This time of the year its certainly a business, so I wouldnt be shocked at anything. For now, Ireland said, the sale wont change the way he and coach Tony Sparano go about things. It doesnt really change what I do, it doesnt change what Tony does, it doesnt change what Bill does, Ireland said. Weve got to win games. Huizenga bought 15 per cent of the Dolphins and 50 per cent of the stadium from team founder Joe Robbies family in 1990. Total cost of those purchases was $168 million. The Dolphins never reached the Super Bowl under his ownership. The sale represents a bittersweet moment for me, but the timing is right to complete it, Huizenga said in a statement. I know under Steves leadership the Dolphins are in outstanding hands. We are still a five per cent partner in the franchise and the stadium. The Huizenga family and organization will do everything we can to support Steve and the team for the benefit of all of South Florida. Ross, 68, made his billions as a lawyer and developer and is chairman of Related Companies, an international real estate development company. He has homes in New York and Palm Beach, and ranked 78th in 2008 on Forbes list of richest Americans with a net worth of $4.5 billion. Ross attended Miami Beach High School and the University of Florida, then earned degrees from Michigan and Wayne State law school. He began his career in Detroit as a tax lawyer and the Michigan business school bears his name. Ross was a minority partner with the New York Islanders and part of a group in 1990 that tried to bring baseball to Miami before Huizenga became founding owner of the Florida Marlins. Ross also made an unsuccessful bid for the New York Jets in 1999. Last year Forbes Magazine valued the Dolphins at $1 billion, with a revenue stream of about $232 million. 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Cameron Jordan Jersey .m. Bridgeview, IL (Sports Network) - The Houston Dynamo travel to take on the Chicago Fire in Major League Soccer action at Toyota Park on Saturday. Dolphins Chad Henne Jersey . -- Gilbert Arenas let his playing do the talking. Jonathan Toews Jersey . And while the day was about what had been accomplished, news of what lies ahead for the champions also found its way into the mix. Perhaps the most important of that news -- especially to the Blackhawks faithful -- is that fan favorite Patrick Sharp, who had 25 goals and 41 assists last season and is one of the Chicago's best all-round players -- is not going anywhere, according to Chicago GM Stan Bowman. Authentic James Harrison Jersey . The White Sox hit five home runs, four of which came against Royals starter Anthony Lerew (1-3). With Zack Greinke scratched from the start after experiencing discomfort in his throwing shoulder, Lerew took the mound and gave up eight runs on nine hits and a walk in 2 2/3 innings.ATLANTA - Its too early in the season for coach Michel Therrien to worry about the slow progress of Pittsburghs power play on the road. The Penguins have been among the NHLs best in scoring on the power play at home, but maybe two goals in Atlanta will get the unit producing away from Mellon Arena. Every game is a close game, and thats the way the game is supposed to be played, Therrien said. I thought both teams played hard tonight, and we got the last chance on the power play and were able to capitalize on it. Petr Sykora redirected Sidney Crosbys slap shot on a power play with 2:40 remaining to give Pittsburgh a 3-2 victory over the Thrashers on Thursday night, the Penguins seventh win in their last eight games. Crosby scored his seventh goal to give Pittsburgh a 2-1 lead 12:24 into the second period. He also was credited with a pair of assists, including his 18th on Sykoras fourth goal of the season. Atlanta has lost two straight following a five-game winning streak. Slava Kozlov, scoring a goal in his third straight game, gave the Thrashers a 1-0 lead on a power play 4:41 into the first with his 11th of the season. Miroslav Satans ninth goal, a tip-in at the 10:57 mark of the first, forced a 1-1 tie for the Penguins. Jim Slater made it 2-2 with his second goal, a wide wraparound from the right side 1:14 after Crosby scored. Its tough to lose like that, especially on a power play goal, Slater said. A tough way to lose. We got some chances. Tyler Kennedy set up Crosbys goal, stealing the puck behind the net from Ron Hainsey after locking skates with the Atlanta defenceman. With Crosby skating through the slot, Kennedy earned his seventh assist by sliding the puck from the left side of the crease. Crosby was falling backward as he fired a wrist shot past goalie Ondrej Pavelec. Ending a two-game stretch without a goal and having scored only three in the Penguins last nine, Crosby felt some relief. I was starting to feel the pressure, he said. It keeps going, and it keeps going and the tighter you squeeze the stick. Super Bowl Pierre Garcon Jersey. Obviously it feels great to get that one out of the way and stop thinking about it now. Chris Thorburns interference penalty against Crosby at the Atlanta rear boards set up Pittsburghs winning power play, but not before Penguins goalie Dany Sabourin stopped Marty Reasoners short-handed attempt on a breakaway. The Thrashers, unable to get Ilya Kovalchuk to score consistently under first-year coach John Anderson, could suffer more offensively if centre Todd White misses many games from a concussion he appeared to sustain early in the third. White, who crashed headfirst into the corner boards after Pittsburgh defenceman Kris Letang checked him hard, tried twice unsuccessfully to stand up under his own power before he was helped off the ice. Atlanta killed a two-man disadvantage that began at the 7:27 mark of the second and lasted 1:18 after Reasoners hooking penalty. The Penguins managed three shots during that stretch, all by Sykora, but Therrien believed his defending Eastern Conference champions werent affected by a lack of effort despite beginning the game ranked 30th in road percentage on the power play. At home, Pittsburgh ranked fifth. We had a lot of chances, Therrien said. In the second period, we had a 5-on-3, but their goalie kept them in it. I thought the chances were there. Sabourin, starting in place of injured goalie Marc-Andre Fleury, stopped 21 of 23 shots to improve to 4-1-1. Pavelec started for the first time in four games and dropped to 2-1-0 after stopping 28 of 31 shots. A couple of positives are we played a great third period, Pavelec said. We had a couple of breakaways. Sabourin made some good saves, but we have to keep playing like we played in that period. Notes: Kozlov has eight goals and four assists in Atlantas last nine games. . Fleury did not make the trip because of an undisclosed lower-back injury. The Penguins next game is Saturday at home against Vancouver. . The Penguins improved to 2-3-2 at Philips Arena since the start of 2005-06. ' ' '
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