Stephen M. Ross

American businessman

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December 2024 Ross sold a 10% stake in the Dolphins to Ares Management and a 3% stake to Joe Tsai, marking one of the first minority stake sales under new NFL rules allowing private equity investments.
July 2024 Ross announced he would be stepping down as chairman of Related Companies to focus on his other business ventures, including Related Ross, the Miami Dolphins, and Formula 1. He will continue to serve as nonexecutive chairman of the company.
2022 Stephen M. Ross successfully hosted the first Formula One Miami Grand Prix at the Miami International Autodrome, a purpose-built temporary circuit around Hard Rock Stadium that he owns.
August 2 2022 Following an independent investigation, Ross was fined $1.5 million, suspended through October 17, 2022, and penalized with draft pick losses for violating the NFL's anti-tampering policy by engaging in impermissible conversations with Tom Brady and Sean Payton.
February 1 2022 Ross and the Dolphins were cited in a federal class-action lawsuit by former head coach Brian Flores, alleging he was offered bonuses to lose games in the 2019 season.
2021 Recognized by Sports Business Journal as a leader in diversity and inclusive hiring, further cementing his reputation for promoting equality in the workplace.
2021 Ross's super PAC, Common Sense NYC, spent $550,000 to oppose eight progressive Democrats in New York City's City Council election, successfully helping to defeat six of the eight candidates.
April 2021 Publicly announced divorce from his second wife, Kara (née Gaffney) Ross, after 18 years of marriage.
2020 Received the Paul Tagliabue Award for diversity along with the Miami Dolphins, highlighting his commitment to inclusive practices in sports.
2020 Committed $63.5 million to support the WRI Ross Center for Sustainable Cities, bringing his total contribution to $100 million. Also made an additional $13 million donation to RISE, bringing his total commitment to $30 million.
2020 Announced a $100 million donation to kickstart fundraising for the construction of the University of Michigan Detroit Center for Innovation.
2019 Inducted into the NFL Leadership Hall of Fame, recognizing his significant leadership and contributions to professional football.
2019 Hard Rock Stadium began hosting the Miami Open tennis tournament.
August 9 2019 Ross planned to host a major fundraiser for Donald Trump's 2020 presidential campaign at his Hamptons home, which sparked controversy and calls for boycotts of his affiliated companies.
2018 Awarded the ROBIE Lifetime Achievement Award by the Jackie Robinson Foundation, honoring his long-standing contributions and impact.
2017 Received an ESPY Award from the University of Michigan for his substantial philanthropic contributions to the university.
September 20 2017 Donated an additional $50 million to the University of Michigan, primarily supporting student career development, innovative learning experiences, and faculty resources.
March 27 2017 Ross cast the only 'no' vote among NFL owners regarding the Oakland Raiders' move to Las Vegas, citing concerns about multiple team relocations.
2015 Founded RISE, a coalition fighting racism and promoting social justice within the sports industry, partnering with multiple sports organizations.
2013 Roger Goodell made a pitch to Florida legislature on Ross' behalf for stadium renovation funding, which was ultimately rejected. Ross subsequently spent $500 million out-of-pocket to refresh the stadium.
September 12 2013 Committed a $200 million gift to the University of Michigan, equally distributed between the Ross School of Business and the university's athletic department, becoming the largest single gift in the university's history.
2012 Ross was a major supporter and contributor to Mitt Romney's presidential campaign.

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