The Indians raise $60 million as all 4 million shares in the initial offering of common stock in the club are sold in one hour. Cleveland is the only publicly-traded major league team.

 

On June 4 1998 — The Indians raise $60 million as all 4 million shares in the initial offering of common stock in the club are sold in one hour. Cleveland is the only publicly-traded major league team.

 

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Sources:

Baseball Reference June 4

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