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NFL approves Joe Tsai purchase of 3% stake in Miami Dolphins

The NFL’s board governors on Wednesday approved of Joe Tsai’s purchase of a 3% stake in the Miami Dolphins at a price estimated at more than $200 million, expanding Tsai’s stakes in professional sports teams to pro football for the first time. The vote took place at the NFL’s winter meetings in Dallas.

In addition to the Dolphins interests, Tsai now currently holds majority stakes in the NBA’s Brooklyn Nets; the WNBA’s champion New York Liberty; two franchises in the National Lacrosse League, the San Diego Seals and Las Vegas Desert Dogs; as well as a minority stake in Major League Soccer’s LAFC.