Kansas City Royals Owner Negotiating to Sell Team for $1 Billion
- 5 years ago
Kansas City Royals Owner
Negotiating to Sell
Team for $1 Billion
.
David Glass is in talks to sell the
franchise to John Sherman for
more than $1 billion, according to ESPN.
.
Sherman is currently a minority owner of the Cleveland Indians.
.
The Royals organization said it is "not in a position to make any comments on the published speculation regarding any potential sale of the ball club."
.
Glass, the former CEO
of Walmart, purchased the
Royals in 2000 for $96 million.
.
The value of baseball franchises has
increased dramatically in recent years.
.
Bruce Sherman purchased the Miami Marlins
in 2017 for $1.2 billion.
.
David's son, Dan Glass, is Kansas City's current team president.
.
The Royals reached the World Series in 2014
and won the championship in 2015.
.
It was their second World Series title in franchise history
Negotiating to Sell
Team for $1 Billion
.
David Glass is in talks to sell the
franchise to John Sherman for
more than $1 billion, according to ESPN.
.
Sherman is currently a minority owner of the Cleveland Indians.
.
The Royals organization said it is "not in a position to make any comments on the published speculation regarding any potential sale of the ball club."
.
Glass, the former CEO
of Walmart, purchased the
Royals in 2000 for $96 million.
.
The value of baseball franchises has
increased dramatically in recent years.
.
Bruce Sherman purchased the Miami Marlins
in 2017 for $1.2 billion.
.
David's son, Dan Glass, is Kansas City's current team president.
.
The Royals reached the World Series in 2014
and won the championship in 2015.
.
It was their second World Series title in franchise history