Copyright laws be damned - Jacobs sells team to Dolans

[Travis Hoffman]

Jacobs agrees to sell Indians

Associated Press

CLEVELAND -- Cleveland Indians owner Richard Jacobs said Thursday he has
reached agreement to sell the team to lawyer Larry Dolan and Dolan family
trusts for $320 million.
"The sale of this franchise to Larry Dolan fulfills my strong desire to turn
the team over to someone who is deeply committed to Cleveland and its
tremendous fans," Jacobs said. "Larry and his family have the enthusiasm and
strongest desire to continue the success of this ballclub well into the new
century."

Dolan, 68, is the managing partner and president of a small law firm in the
suburb of Chardon. Two of his sons, Paul and Matthew, are lawyers with the
firm. Dolan reportedly has become wealthy through his ownership of stock in
Cablevision Systems Corp.

Any agreement is subject to approval by major league owners, who have taken
six to 18 months to consider recent purchase agreements. The Indians said
the transaction is expected to close by the end of March.

Dolan said owning the Indians was "a dream come true."

"Not only is ownership of this team a great honor, but it is also an
incredible responsibility," he said. "One of the things that attracted me to
this opportunity was my strong belief that the Indians organization is one
of the best in baseball."