PALM BEACH, Fla. (AP) -NFL owners unanimously approved Wayne Huizenga's sale of 50 percent of the Miami Dolphins to Stephen Ross on Monday at the league meetings.
Huizenga will remain as managing partner of the club for the near future, setting no timetable for when Ross will take command. Ross is spending about $550 million for his share of the team.
``This is a bittersweet moment for us,'' Huizenga said, ``but we'll be staying on a little longer. I am pleased that when my time comes to turn it over, that Steve will be a great owner.''
The 67-year-old Ross is a New York real estate billionaire.
``It's a great privilege to join Wayne,'' Ross said. ``We've developed a great relationship. To me, right now it's starting the football business and the transition. It's on Wayne's time frame.''
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