Chinese Billionaire Lin Bin Buys Miami Dolphins Minority Stake at Record $12B Valuation

The Miami Dolphins reportedly have a new member of their ownership group.

Scott Soshnick, Eben Novy-Williams and Justin Birnbaum of Sportico reported Tuesday that Lin Bin, who co-founded the Chinese consumer electronics company Xiaomi, purchased a one percent stake in the holding company that owns the AFC East team.

The holding company also owns Hard Rock Stadium, the Formula 1 Miami Grand Prix and a piece of the Miami Open.

According to Sportico, the purchase was made at a valuation of more than $12 billion, which represents a "record valuation for a publicly known minority transaction." The previous record was set last year when the New York Giants sold a 10 percent stake at a valuation of more than $10 billion.

The purchase is still awaiting a full vote from the league owners, but the NFL's finance committee approved it.

Bin co-founded Xiaomi in 2010 and was the company's president until 2019. He is currently the company's vice chairman.

This comes after Dolphins owner Stephen Ross previously sold a three percent stake of the team to Brooklyn Nets governor Joe Tsai and Blue Pool Capital CEO Oliver Weisberg and a 10 percent stake to Ares Management.

Both of those deals came at an $8.1 billion valuation.

On the field, the Dolphins are coming off a 7-10 record in 2025, which marked the second straight season they missed the playoffs. They responded with a number of changes, including firing head coach Mike McDaniel and general manager Chris Grier.

Jeff Hafley is now the team's head coach, while Jon-Eric Sullivan is the GM.

They will look to navigate an important offseason that includes questions about quarterback Tua Tagovailoa's future all while the team's overall valuation continues to increase.