The Cleveland Indians have announced that John Sherman, a Kansas City-based entrepreneur, has joined current team owners, Paul and Larry Dolan, as vice chairman and minority ownership partner.
Sherman is credited with starting a propane company, LPG Services Group, which later merged with Dynegy in 1996, according to a press release from the Indians earlier today.
On the acquisition, Paul Dolan had this to say:
I am pleased to conclude the process and am thrilled to be partnering with John Sherman. John has an impressive business track record and shares the community oriented values that we believe in.