|NFL owners unanimously approve 50 percent sale of Dolphins to Stephen Ross|
|Written by Admin|
|Monday, 31 March 2008 08:30|
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.''