On Friday morning, the Cleveland Indians announced a new member of the franchise’s ownership group, concluding a two-year process. Kansas City-based entrepreneur John Sherman has been given the title of Vice Chairman and Minority Ownership Partner.
According to a press release from the team, Sherman has been responsible for two successful startups: LPG Services Group, which merged with Dynegy in 1996, and Inergy L.P., which became a public company in 2001 and later merged with Crestwood Holdings in 2013. Sherman continues to serve on the board of the merged company – Crestwood Equity Partners.
“I am pleased to conclude the process and am thrilled to be partnering with John Sherman,” said Paul Dolan, the Indians’ CEO and Chairman.