Billionaire Stephen Ross Rejects $10 Billion Offer, Committed to Miami Grand Prix – a record-setting offer
Billionaire real-estate magnate Stephen Ross is gearing up for the upcoming Miami Grand Prix this weekend, and he has no intention of relinquishing the Formula 1 event anytime soon. According to a report by USA Today, Ross recently turned down a staggering $10 billion offer to take over his sports enterprise, which includes the Miami Grand Prix, the Miami Dolphins, and Hard Rock Stadium.
The businessman rejected the lucrative offer because he wants to maintain ownership of these ventures within his family, as confirmed by two anonymous sources familiar with the situation. This decision underscores Ross’s unwavering commitment to the Miami Grand Prix and his broader sports portfolio.
The Miami Grand Prix, which is set to take place this weekend, has become a highly anticipated event on the Formula 1 calendar since its inaugural edition in 2022. Ross’s refusal to part with the grand prix, despite the substantial offer, demonstrates his belief in the long-term potential and significance of the event for the city of Miami and the sport of Formula 1 as a whole.
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