Bin Lin Buys Dolphins Stake, Bringing Tech Vibes

It's March 31st.

This is NFL News Today, powered by AI tracking teams, players and standings.

The Miami Dolphins just sold a 1% stake in the team to Binlin, co-founder and vice chairman

of Xiaomi, that huge Chinese tech giant.

Announced on March 31st, this deal values the franchise at a record $12.5 billion, making

Lin's buy-in worth about 1, 125 million bucks.

Even after a rough 7 and 10 season and massive dead cap hits, owner Stephen Ross is caching

in big.

Lin's no stranger to success.

He's an American citizen living in Beijing with a net worth over $10 billion.

He got his masters from Drexel University back in 1992, then put in over 15 years at

Microsoft and Google before launching Xiaomi in 2010.

Their lineup spans smartphones to electric cars, and now he's dipping into NFL ownership.

Ross called Lin a dynamic partner with a vision for innovation, saying it'll fuel growth

for the dolphins, Hard Rock Stadium, the Miami Grand Prix, and Miami Open.

Lin echoed that, hyped as a sports fan to join this powerhouse operation and learn

from Ross's empire building.

The NFL already greenlit the deal, so expected to go official any day now.

Meanwhile, South Florida's shaking up with a new general manager, John Eric Sullivan,

head coach Jeff Haffley, and big rostom moves like shipping out.

Quarterback, Tour, Toggleway.

This stake sale signals the dolphins are betting on fresh energy amid the rebuild, keeping

eyes on that South Florida boom while Lin brings global.

Tech vibes to the mix.