CLEVELAND -- Indians owner Paul Dolan has been open to adding a minority partner for several years, and he continues to explore possible investors. Cleveland's ownership has now sought the help of a firm in the search.
According to a report in the New York Post, Dolan has been working with Allen & Co. -- a boutique investment bank -- for several months in order to shop roughly 30 percent of the team. The Indians had no comment on the article, but a source noted that Dolan has long been willing to bring in a minority owner.
Dolan's search for an investor is completely unrelated to the situation surrounding Indians team president Mark Shapiro, who is considered a strong candidate to take over the same role for the Blue Jays when Toronto's president and CEO, Paul Beeston, retires after this season.