The Indians could have a new financial partner once the first pitch is thrown in the 2016 season less than six months from now.
The AP is reporting that Indians owner Paul Dolan has been on the lookout for a partner, and Thursday an investment banker stated that a “small group” of investors has been identified and a deal could be done sometime soon.
Here’s a portion of the news piece which came out earlier today on the Tribe situation.
Steve Greenberg, managing director of Allen & Company, a New York-based financial boutique that has brokered sports acquisitions in the past, said the pursuit of an investor has narrowed and Dolan’s goal to bring in someone to ease his financial burden and add capital could be finalized by the end of the year.