Indystar.com reports: Indianapolis Indians stock is rarely available for public purchase, but eight shares are being sold through a sealed-bid auction at a minimum price of $25,000 apiece, said Molly Butters, a spokeswoman for Indiana’s attorney general.
Offers must be received at the attorney general’s office by 1:30 p.m. May 31, she said. The shares were claimed by the state after more than seven years of inactivity and after the owners could not be found.
The Triple-A baseball team has 752 shares. President and chairman of the board Max Schumacher owns the most with 308, about 41 percent.
Chris Herndon, Indians director of marketing and communications, said the team does not intend to bid on these shares.
