August 2019

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.