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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)
  Beats: david glass, royals, sale

 

 

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