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Wednesday, August 28, 2019

Royals owner David Glass is in talks to sell team to group led by Kansas Citian

Royals owner David Glass is in discussions about selling his MLB franchise to a group led by Kansas City entrepreneur and Cleveland Indians vice chairman John Sherman, multiple sources told The Star on Tuesday.

The news of the potential sale was first reported by The Athletic’s Ken Rosenthal and Jayson Stark.

Two sources described the talks as advanced, with one telling The Star that a deal could be finalized by the end of the year. The sale would need to be approved by MLB owners. League rules would also require Sherman, 64, to relinquish his minority ownership stake in the Indians.

Glass, the former president and CEO of Wal-Mart who turns 84 next week, is currently in his 20th season as owner and CEO of the Royals. He was appointed interim chairman and CEO after the death of Ewing Kauffman, the Royals’ first owner, in 1993. In April 2000, the Glass family acquired the Royals from Kauffman’s estate for $96 million.

So, any thoughts on the David Glass era, if this report is fulfilled?

 

QLE Posted: August 28, 2019 at 04:09 AM | 17 comment(s) Login to Bookmark
  Tags: david glass, royals, sale

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   1. I Knew A Guy Who Knew A Guy Who Knew Rey Ordonez Posted: August 28, 2019 at 07:27 AM (#5874988)
Brought them a World Series title, so no matter how bad it was it's better than the Fred Wilpon Era.
   2. The Anthony Kennedy of BBTF (Scott) Posted: August 28, 2019 at 08:07 AM (#5874992)
Yeah, the David Glass era wasn't great, they only made the playoffs twice and have gone 1417-1794, including three straight 100 loss seasons (and four 100 loss seasons in five!). But they sure did get a lot out of those two trips, a pennant and a world series title. Do this seven years ago and he's one of the worst owners in history, with a lifetime record from of 882-1224. And not only did they have just one winning season between 2000 and 2012, but they were constantly near the bottom in payroll.
   3. I Knew A Guy Who Knew A Guy Who Knew Rey Ordonez Posted: August 28, 2019 at 09:13 AM (#5875000)
The funny thing is the record is actually worse now than it was in 2012 but two pennants seem to make it all worthwhile.
   4. RoyalsRetro (AG#1F) Posted: August 28, 2019 at 10:32 AM (#5875012)
He kept the team in KC, sheperded them through a stadion renovation without really threatening to leave (although it was still largely publicly financed), was part of the successful push for greater revenue sharing, invested heavily in the draft and intl spending after Dayton Moore came on, brought an ASG to KC, and won two pennants and a championship. He also interfered with trades early on (blocked a trade of Joe Randa, forced the Jermaine Dye trade), failed to sign Carlos Beltran to an extension over a difference of $1M, skimped on scouting early on to the point where Royals scouts did not have cell phones when everyone else did, and was generally very cheap in his first few years. I think its a mixed legacy, but it will probably be looked on favorably over time, mostly due to the lasting image of him holding the Commissioner's trophy.
   5. Lassus Posted: August 28, 2019 at 10:39 AM (#5875013)
Is ############ Lucas Duda getting a percentage?
   6. Itchy Row Posted: August 28, 2019 at 11:10 AM (#5875027)
Now he can buy the T-Bones.
   7. RoyalsRetro (AG#1F) Posted: August 28, 2019 at 11:14 AM (#5875031)
How many owners have been part of two ownership teams?

John Sherman - CLE, KC
John Henry - FLA, BOS
Tom Werner - SDP, BOS
Bill DeWitt - CIN, BAL, TEX, STL

   8. Nasty Nate Posted: August 28, 2019 at 11:15 AM (#5875032)
Loria - MTL, FLA
   9. Pasta-diving Jeter (jmac66) Posted: August 28, 2019 at 11:29 AM (#5875035)
Gabe Paul was part owner of the Indians, then the Yankees (he was part of Steinbrenner's Cleveland syndicate that bought the Yankees)
   10. geonose Posted: August 28, 2019 at 11:36 AM (#5875039)
Arte Moreno - Diamondbacks, Angels
Bob Castellini - Rangers, Cardinals, Orioles, Reds
   11. Lassus Posted: August 28, 2019 at 02:16 PM (#5875092)
"Citian"? I'm not sure I've seen that before.
   12. The Yankee Clapper Posted: August 28, 2019 at 02:57 PM (#5875105)
Glass bought the team in 2000 for $96M, and less than 20 years later is selling it for $1B. Is there any denying that MLB is awash in dough? This should put an end to comments urging players to take a “home team discount” to help the beleaguered billionaire owners who couldn’t possibly pay fair market value.
   13. Pasta-diving Jeter (jmac66) Posted: August 28, 2019 at 03:06 PM (#5875113)
"Citian"? I'm not sure I've seen that before.

the name for inhabitants of a given city is weird--where I'm from, you were an "Akronite", but 30 miles north, there were "Clevelanders" . Where I live now, there are "Charlestonians"
   14. RoyalsRetro (AG#1F) Posted: August 28, 2019 at 03:33 PM (#5875123)

Glass bought the team in 2000 for $96M, and less than 20 years later is selling it for $1B. Is there any denying that MLB is awash in dough? This should put an end to comments urging players to take a “home team discount” to help the beleaguered billionaire owners who couldn’t possibly pay fair market value.


And don't forget the $100M each owner pocketed from the sale of MLBAM.
   15. Brian C Posted: August 28, 2019 at 05:52 PM (#5875157)
"Mixed legacy" sounds about right from my neutral NL-centric POV. I've seen a lot better, I've seen a lot worse.
   16. Best Dressed Chicken in Town Posted: August 28, 2019 at 09:05 PM (#5875191)
Bill Veeck - CLE, CHW, someone else? SLB?
   17. David Nieporent (now, with children) Posted: August 30, 2019 at 06:44 AM (#5875497)
How many owners have been part of two ownership teams?
Larry Lucchino - San Diego, Boston, and Baltimore.

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