Gloria and Emilio Estefan buy stake in Miami Dolphins

Miami entertainment figures Gloria and Emilio Estefan will be announced as Miami Dolphins minority owners Thursday by Dolphins majority owner Stephen Ross, according to a person familiar with the negotiations.

The source said yesterday night that the National Football League and the Dolphins are looking to expand their reach to South Florida's growing Hispanic community and are turning to the Estefans as their ambassadors.

A Dolphins news release yesterday said there would be a Thursday morning "major announcement on behalf of the Dolphins" hosted by the Estefans and Ross at LandShark Stadium. This is similar to the way the Dolphins announced their association with singer Jimmy Buffett's Margaritaville business, which includes Land Shark Lager. Buffett is expected to become a minority owner eventually.

Emilio Estefan didn't want to comment Monday night, and Dolphins spokesman Harvey Greene said the Dolphins "won't have a comment on anything until the announcement Thursday."

(Via Miami Herald)

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