Fourth and Long on Real Estate
Gus Delaporte Nov. 20, 2013, 11:11 a.m.
Stephen Ross, chairman of Related Companies, has come under fire in recent weeks due to his ownership of the National Football League’s Miami Dolphins, a franchise that is embroiled in a bullying scandal that has grabbed headlines far beyond the sports pages.
Mr. Ross’s ownership of the Dolphins is largely overshadowed in New York by his real estate dealings, but it is those deals that allowed him to spend more than $1 billion on the team in the first place. He’s not, however, the only billionaire with ties to the real estate industry who has chosen to spend lavish wealth on an NFL team.
Below, The Commercial Observer takes a look at those NFL owners, including Mr. Ross, who owe at least some of their wealth to wheeling and dealing in real estate.