Miami Dolphins owner gives $1M to drone racing league

Stephen Ross is part-time billionaire property developer, part-time majority owner (95 percent) of the Miami Dolphins and has now pledged his support as an investor for a start-up in New York titled The Drone Racing League by which Ross will donate $1 million (via his investment firm, Ross Sports and Entertainment Ventures).

Neither Stephen Ross nor Nick Horbaczewski – the League’s CEO – are strangers to hosting new sporting events. For example, Horbaczewski previously chimed in as Tough Mudder’s chief revenue officer and Ross’s RSE Ventures is a sponsor of the international soccer competition, the Champions Cup.

As a business tycoon, Ross’s portfolio doesn’t stop at the gridiron level. In fact, according to the Wall Street Journal, the 75-year-old has committed to other project avenues, such as New York’s Time Warner Center and Hudson Yards. And on a more international playing field, Ross devoted his business development savvy quality to Abu Dhabi.

The Drone Racing League features drones – categorized in a 250 class – capable of notching 70 miles per hour and will be steered by the effects of first person viewing, which enables a live transmission feed from the craft to the pilot.

While a public race is scheduled for later this year, The Drone Racing League has already held pre-exhibition matches in Yonkers, New York, where six pilots tested their maneuvering abilities in the Glenwood Power Plant.

The Drone Racing League is following in the footprints laid out by the U.S. National Drone Racing Championships, whose first competition – held at this year’s California State Fair – brought together 160 pilots and a purse of $25,000, which was distributed over the course of the event. Chad Nowak of Brisbane, Australia, scoured his opponents by claiming victory in all three events – freestyle, individual time trial and a team time trial.

A major caveat to drone racing is finding a sufficient pool of spectators and speaking on behalf of the National Drone Championship, which only attracted 60 people. This is where RSE Ventures contributes again.

The firm has patented its own interface with FanVision, a mobile application used in NASCAR for the fans that provides live simulations from a driver’s car.

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All 15 MLB home teams won their game last night
All 15 MLB home teams won their game last night