Jacobs Takes Stock of Indians
Cleveland Indian owner Richard Jacobs may take the first step today toward public sale of stock in the team, a newspaper reported.
The Cleveland Plain Dealer on Thursday cited unidentified sources familiar with the plan as saying that Jacobs was expected to file a preliminary registration with the U.S. Securities and Exchange Commission as early as today.
Terms of the stock sale, including the number of shares to be made available and the estimated price per share, were not immediately available.
The Indians would become the first major league baseball team to sell public stock under rules approved by baseball owners in September.
Those rules prohibit stock sold to the public from being used to exercise control over a team.
NEXT SERIES FOR ANGELS
WHO: Cleveland Indians
WHERE: at Anaheim
WHEN: Tonight, 7
Saturday, 7 p.m.
Sunday, 1 p.m.
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