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Old 02-22-2008, 05:46 PM   #1
Tarkus
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Default 'Phins half sold...

Rumor has it it's the worst half.

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Huizenga to sell share of Dolphins

New York builder Stephen Ross agreed to buy half the Miami Dolphins from owner Wayne Huizenga, with an opportunity to become managing general partner.

Ross would acquire 50 percent of the franchise, Dolphin Stadium and surrounding developable land, the team said Friday. The NFL must approve the sale.

The deal was first reported by FOXSports.com's Jay Glazer.

Huizenga, the sole owner since 1994, would remain managing general partner for now of a team coming off a 1-15 season, the worst in franchise history.

Ross is chairman of the Related Companies, an international real estate development company. His negotiations to buy a share of the team began last April and became public in December.

Speculation about a deal faded when Huizenga hired Bill Parcells as executive vice president of football operations and pledged to remain majority owner.

"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 statement. "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."...

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