Royals owner David Glass agrees to sell team to group of Kansas City investors led by John Sherman

first_img Royals owner in discussions to sell team to Kansas City native John Sherman for $1 billion, report says “A native of this area, John has made a huge impact in our business community and is so passionate about baseball that he purchased an ownership stake in the Cleveland Indians three years ago to begin his relationship with this great game. We are truly blessed to have someone of John’s stature and business acumen available to us from the metropolitan area to take the reins of this organization going forward.”The Glass family bought the Royals in 2000 for $96 million. Sherman is a part owner of the Indians but will give up his stake in Cleveland to take over the Royals.“The decision to sell the Royals was difficult for our family. Our goal, which I firmly believe we’ve achieved, was to have someone local, who truly loved the game of baseball and who would be a great steward for this franchise going forward. In John Sherman we have found everything we were looking for in taking ownership of this franchise,” Glass said. “John Sherman and his group far exceeded our hope for the next caretaker of Royals baseball. His love for Kansas City and the game of baseball is well documented as are his philanthropic endeavors in the surrounding communities. Related News The Glass family has agreed to sell the Royals.Kansas City announced Friday, David Glass and his family will sell the team to a group of Kansas City investors led by entrepreneur John Sherman. According to ESPN, the sale will be for more than $1 billion.“I am enormously grateful to David and the Glass Family for this extraordinary opportunity, and am humbled by the chance to team up with a distinguished group of local investors to carry forward and build on this rich Kansas City Royals legacy,” Sherman in a statement. “Our goal will be threefold: to compete for a championship on behalf of our fans; to honor their passion, their experience and their unwavering commitment; and to carry their hopes and dreams forward in this great Kansas City region we all love — for decades to come.”Sherman and his investment group will become the third owners of the Royals joining Ewing Kauffman, who ran the team from its inception in 1969, and Glass.last_img read more

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Loss fails to Dampen Ceres hopes

first_imgFor Ina, portraying a zombie is like an ‘out-of-body experience’ View comments Malaysian international Safiq Rahim equalized for JDT with a free header inside the box at the stroke of halftime.Sports Related Videospowered by AdSparcRead Next LATEST STORIES Gerald: Just because I’ve been bashed doesn’t mean I’d stop working China reports 17 new cases in viral pneumonia outbreak End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend Trump’s impeachment defense, prosecutors dig in Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Presidency bid needs ‘deep reflection’ – Sara Dutertecenter_img JOHOR BAHRU—It was a defeat that hardly put a dent on Ceres-Negros’ confidence.Playing on the counter-attack for most of the match, the Busmen absorbed a 2-3 loss to Malaysian champions Johor Dairul Ta’zim last Wednesday night in the first leg of their AFC Cup Asean zonal semifinals at Larkin Stadium here.ADVERTISEMENT Don’t miss out on the latest news and information. Duterte’s ‘soft heart’ could save ABS-CBN, says election lawyer Swing Out Sister back to PH this April MOST READ Pocari bucks Pablo inujry, turns back BaliPure Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite But the Bacolod-based squad can draw strength from the two away goals scored by Spanish players Fernando Rodriguez and Bienvenido Maranon when the return leg is played on May 31 at Panaad Stadium.As it stands, the Philippines Football League powerhouse need at least a 1-0 win in the second leg to reach the zonal finals.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSMcGregor blasts Cerrone in 40 seconds in UFC returnSPORTSBreak new groundRodriguez made the most out of their first opportunity with a diving header off OJ Porteria’s cross, just three minutes after Gonzalo Cabrera opened the scoring with a well-placed strike past Roland Muller in the 18th minute.The crowd of 14,280 was left stunned when Ceres took the lead in the 25th minute with Maranon curling home from long range for his tournament-leading eighth goal.last_img read more

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