Thursday, June 25, 2009
Estefan, hubby become minority owners
MIAMI -- Pop singer Gloria Estefan and her husband, Emilio, have become minority partners in the ownership of the Miami Dolphins.
Dolphins fans Gloria and Emilio Estefan are joining the franchise as minority owners.
Cuban-born Estefan and and her record producer husband held a news conference with Dolphins owner Stephen Ross but declined to discuss how much of a stake they had bought in the team.
"It is a private company and we will keep those things private but Emilio is a partner and Gloria is a partner," said Ross.
Estefan is best known internationally for her '80s hits such as "Rhythm is Gonna Get You" and "Dr. Beat" and with her husband owns several businesses in Florida.
"We are thrilled to be a part of our hometown team," said Estefan, adding that she had been a "hardcore" fan since the Dolphins' unbeaten season in 1972.
The partnership is an attempt to boost the profile of the Dolphins within South Florida's huge Latin American community, which is strongly influenced by immigrants from Cuba.
"There is no community in America that has the diversity of South Florida and we want the team to be a part of South Florida, and the best way to do that is to have an ownership which reflects that diversity," Ross said.
"There is no one better that reflects the Latin community than Gloria and Emilio Estefan," he added.
The deal is the Dolphins' second partnership with an entertainment figure since Ross become owner of the franchise in January.
Singer/songwriter and businessman Jimmy Buffett, owner of Margaritaville Enterprises, signed a deal in May that includes the team's stadium being renamed after his LandShark Lager beer for the 2009 season.
"It is all about creating a great game-day experience," said Ross. "We are seeing a convergence of sport and entertainment because sport is entertainment."