Huizenga to Sell 49% of Team?

The saga continues and seemingly is drawing to a close. Wayne Huizenga is in talks to sell 49% of the franchise to real estate developer Steve Ross, who will in turn will sell a piece to Jorge Perez, who as you remember was supposedly out of the deal. What happened to Michael Dell? Well apparently Ross recently received 1.4 billion from investors, including Dell.

With Wayne's asking price of 1.1 billion, it is curious to see why so much is being put together to what amounts to only a minority stake in the team, with future intentions of buying out the remaining 51% in time. Wayne wants to keep the decision making to himself for now and doesn't want completely out. However, I was under the impression his 1.1 billion dollar price tag included the full franchise and stadium, not 49%. Seems pretty steep otherwise.

Regardless, this development seems like it could be the resolution to all this week's talks. Read on more detail at the Herald.