By TOM WITHERS
Associated Press
Cleveland Indians owner Paul Dolan has brought on a minority partner.
After a yearlong search to find an investor to alleviate some of the financial burden, Dolan, whose family bought the club from Richard Jacobs in 2000, has partnered with John Sherman, a business entrepreneur from Kansas City, Missouri.
It’s not immediately known how much Sherman paid for his share or his ownership percentage.
The Indians have struggled in recent years with attendance, and have been challenged to compete in free agency against teams with more resources. However, the club is currently in first place in the AL Central, and with a roster of young players and strong pitching, the future looks bright.
Sherman says he’s excited to be joining the Indians and will work with Dolan and “further the organization and team in any way that I can.”
Recent Stories
- New Trend: Artists switching genres
- UCM Greek Life Prepares for Greek Week
- “Xanadu”, the absurd and the heartfelt show by UCM Theatre
- Spring Break Poll
- Skinner on the Street
- SGA to hold upcoming election
- “Now that’s a party!”: A “Mean Girls” (2024) Review
- Mo’s Activity Council hosts Mean Girls actor, Daniel Franzese
- Former World Series MVP speaks at UCM First Pitch Banquet
- UMG has falling out with TikTok due to contract diputes
1st-place Cleveland Indians add minority ownership partner
August 19, 2016
Story continues below advertisement
More to Discover
