CLEVELAND: Indians owner Paul Dolan could soon have a financial partner.
An investment banker hired by Dolan last year to search for a minority owner said Thursday that a “small group” of investors has been identified and a deal could be completed soon.
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.
“Being a baseball guy let me describe it this way,” said Greenberg, whose father, Hank, was the Indians’ general manager from 1950-59.