The Indians are looking to sell a significant minority stake in the team, according to Josh Kosman and Claire Atkinson of the New York Post. Owner Paul Dolan enlisted boutique investment bank Allen & Co. several months ago to sell roughly 30% of his team. Sources say that Allen wants to involve a new investor so that he can increase the club’s payroll. Over the weekend, Dolan confirmed to Paul Hoynes of The Plain Dealer that he is seeking a minority owner and he explained that the process has been going on “for nearly a year.
Indians Looking To Sell Significant Ownership Stake
