Royals ownership agrees to sell club to Kansas City-based group

Kansas City Royals reportedly sold for $1 billion

After almost two decades as the owner of the Kansas City Royals, David Glass has sold the team to local businessman John Sherman for $1 billion.

The reported $1 billion price tag is in line with an April 2019 estimate of the team's worth by Forbes.Glass, 84, had purchased the team in 2000 for $96 million. Glass, who was an executive at Wal-Mart, per CBS, chose to sell the team because of his health problems.

The Kansas City Royals went small to come up big against the Baltimore Orioles.

Earlier this week, two people familiar with the situation told The Associated Press that the ownership of the Kansas City Royals was open to the possibility of selling the franchise if the right buyer is found.

Sherman is now the minority owner in the Central-division rival Cleveland Indians.

"The decision to sell the Royals was hard for our family".

Among the institutions Sherman and his wife, Marny, have supported are the Truman Presidential Library Institute, Teach for America Kansas City and Notre Dame de Sion School. He and his partners will become the third ownership group since the franchise was founded by Ewing Kauffman in 1969.

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Sherman has lived in Kansas City for over four decades and is a long-time season-ticket holder for the Royals. That step is expected to happen at the Owners Meetings in November.

Both Glass and Sherman had a lot of great things to say about the franchise and Kansas City, leaving many fans FOX4 spoke with optimistic about the Royals future. His financial involvement allowed the Indians to push their payroll over the years, including in 2016, when they acquired All-Star reliever Andrew Miller from the Yankees before the trading deadline.

"It was really nice to have him back out there doing what he does best, playing the game like it's a game", Royals pitcher Danny Duffy said. But the back-to-back pennants, and the accompanying rise boom in fan interest, came after a long period of dismal performances that left Glass with a mixed legacy in Kansas City.

The righty is 1-1 with a 4.44 ERA in five career starts versus Kansas City, including no record in two starts at Kauffman Stadium while giving up five runs and 11 1-3 innings. He slowly rebuilt the Royals into a winning franchise, culminating in a World Series loss in 2014 and a world championship in 2015.

Moore stated that it would take a significant return in order to part with Merrifield, but the Royals would be foolish if they didn't explore a trade to keep re-stocking their farm system, which was ranked in the bottom third of the league at the beginning of the season. "My football days came back to me, juking", he said.

"It's been a fantastic ride and I want to thank our great fans for supporting us through the years, but now it's time for someone else to oversee this franchise into its next championship and in John Sherman, we've found the flawless individual".

"I think the games that we've won, we've pitched", Manager Brandon Hyde said.

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