Ken Griffin Bet Against GameStop, Bought A US Constitution: Are The Miami Dolphins Next?
Portfolio Pulse from Chris Katje
Citadel CEO Ken Griffin, known for betting against GameStop, is reportedly interested in acquiring a minority stake in the NFL's Miami Dolphins. The team's owner, Stephen Ross, is considering selling a minority stake, which includes the Hard Rock Stadium and Formula 1 Miami Grand Prix rights, to invest in other sports ventures. The Dolphins are valued at $5.24 billion, with $600 million in revenue and $128 million in operating profit in 2022. Griffin's move to Miami and his interest in the Dolphins align with his vision of Miami becoming a major financial hub.
November 21, 2023 | 10:27 pm
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NEUTRAL IMPACT
Ken Griffin's potential acquisition of a minority stake in the Miami Dolphins could indirectly affect Formula One Group's FWONA, as the deal includes rights to the Formula 1 Miami Grand Prix.
While the news mentions the Formula 1 Miami Grand Prix rights, which are part of the potential deal, the direct impact on FWONA's stock price is uncertain. The news is more focused on the NFL team stake rather than the Formula 1 event, hence the neutral score and moderate relevance and importance.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
Similar to FWONA, FWONK could be indirectly affected by Ken Griffin's potential stake acquisition in the Miami Dolphins, which includes the Formula 1 Miami Grand Prix rights.
The impact on FWONK is similar to that on FWONA, as both are related to the Formula One Group. The news does not directly pertain to the company's core business, and the effect on the stock is not clear, leading to a neutral score and moderate relevance and importance.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
Ken Griffin's potential involvement with the Miami Dolphins may remind investors of his bet against GameStop, but it's unlikely to have a direct short-term impact on GME's stock.
Although the article mentions Ken Griffin's past bet against GameStop, the news of his interest in the Miami Dolphins is unrelated to GameStop's core business or stock performance. Therefore, the short-term impact on GME is expected to be neutral with low relevance and importance.
CONFIDENCE 80
IMPORTANCE 10
RELEVANCE 10