Posted August 28, 20195 yr UPDATE: https://www.mlbtraderumors.com/2019/08/david-glass-sells-royals-john-sherman-indians.html Royals owner David Glass has agreed to sell the team to Kansas City businessman John Sherman for a sum of one billion dollars, USA Today’s Bob Nightengale reports (via Twitter). Sherman, currently the vice chairman of the division-rival Indians, will divest himself from the Cleveland organization once the agreement is ratified by the other 29 ownership groups in November. Talks of a potential sale were first reported by Ken Rosenthal and Jayson Stark of The Athletic earlier this week. Nightengale tweeted yesterday that the sale of the Royals was motivated by health reasons for Glass, 83. The former CEO of Wal-Mart, Glass purchased the Royals for the sum of $96MM back in 2000. He was responsible for appointing Dayton Moore as the club’s general manager — a decision that resulted in a lengthy rebuild but ultimately culminated in consecutive World Series appearances, including the team’s drought-breaking World Series win over the Mets in 2015. https://www.mlbtraderumors.com/2019/08/royals-rumors-david-glass-selling-team-john-sherman-indians.html Quote Royals owner David Glass is discussing a potential sale of the club with Kansas City businessman John Sherman, Ken Rosenthal and Jayson Stark of The Athletic report (subscription required). ESPN’s Jeff Passan tweets that the two are discussing a price worth north of $1 billion. Glass purchased the Royals in 2000 for a reported sum of $96MM. Sherman, 64, is currently the vice chairman of the division-rival Indians, having purchased a minority stake in the team back in 2016. As Terry Pluto of the Cleveland Plain Dealer explored last year, Sherman was a Royals season-ticket holder at the time who’d made a fortune in starting natural gas and energy companies (LPG Services Group, Inergy L.P.) and selling them to larger entities. Sherman would, unsurprisingly, divest himself from the Indians organization if a sale is indeed agreed upon (per Passan). There’s no indication that the two parties are close to an agreement, nor is there any indication that Glass is exploring other sale possibilities in the event that a deal with Sherman cannot be brokered. Asked about the report, general manager Dayton Moore told MLB.com’s Jeffrey Flanagan (Twitter link) that commenting on any potential sale of the club would be “inappropriate.” Glass has not publicly acknowledged the reported negotiations. It's amazing how the value of teams has gone up so much. In 20 years, you go from $96M to $1B+.
August 28, 20195 yr I was just about to suggest this. So now you don’t want to buy them anymore just because I suggested it?
August 28, 20195 yr So now you don’t want to buy them anymore just because I suggested it? I'd be 100% down to pool money and buy a team if only for the entertaining "meetings" we'd have trying to agree on club direction and which 2 pitchers we need to contend. At least the bbq would be on point.
August 28, 20195 yr Eh, who is the grill master? if we can scrape together a billion dollars I'd like to think we could scrape together to have it catered in - #cheapSonOfJack
August 28, 20195 yr Or wait. Should it be $816 for KC ? $816 - i'll send you my paypal info. I nominate myself to be the safekeeper of funds for this project.
August 28, 20195 yr I nominate myself to be the safekeeper of funds for this project. I trust you less than I trusted @SongInTheAir the other day
August 28, 20195 yr I trust you less than I trusted @SongInTheAir the other day I was taking initiative since nobody else was. If anything that only shows how dedicated I am to this endeavor.
August 29, 20195 yr I'm late to this thread but why is the Royals owner trying to get Chris Sale to play for the Royals? Sale already has a contract with Boston and I think $1 billion is definitely too much for one player.
August 30, 20195 yr I think $1 billion is definitely too much for one player. It's gonna be heavily back loaded.
August 30, 20195 yr Author UPDATE: Reports are the team has been sold. https://www.mlbtraderumors.com/2019/08/david-glass-sells-royals-john-sherman-indians.html Royals owner David Glass has agreed to sell the team to Kansas City businessman John Sherman for a sum of one billion dollars, USA Today’s Bob Nightengale reports (via Twitter). Sherman, currently the vice chairman of the division-rival Indians, will divest himself from the Cleveland organization once the agreement is ratified by the other 29 ownership groups in November. Talks of a potential sale were first reported by Ken Rosenthal and Jayson Stark of The Athletic earlier this week. Nightengale tweeted yesterday that the sale of the Royals was motivated by health reasons for Glass, 83. The former CEO of Wal-Mart, Glass purchased the Royals for the sum of $96MM back in 2000. He was responsible for appointing Dayton Moore as the club’s general manager — a decision that resulted in a lengthy rebuild but ultimately culminated in consecutive World Series appearances, including the team’s drought-breaking World Series win over the Mets in 2015.
August 30, 20195 yr What a quick sale process. I thought all MLB team sales had to last nine months and go through multiple rumored investment groups involving former players and local politicians.
August 30, 20195 yr What a quick sale process. I thought all MLB team sales had to last nine months and go through multiple rumored investment groups involving former players and local politicians. It did go through all of those things. Where were you when the reports came out?
August 30, 20195 yr We blew it, we didn't bid fast enough. my bad guys, i didn't see the Buy It Now link on the page
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