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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.
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.
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