The Real Deal Miami

Stephen Ross may drop bank bid

June 14, 2011 11:45AM

Real estate mogul and Miami Dolphins owner Stephen Ross may have to
return the $1.1 billion he raised to invest in a vehicle called SJB
Escrow. Ross raised funding from firms like Greenlight Capital, Maverick
Capital and Elliott Management more than a year ago, but if no
investment is made by August, the money must be returned, a source said.
SJB was an initial bidder for ING’s online banking wing, but later
withdrew. [The
Street]