On Tuesday afternoon, Ken Rosenthal at The Athletic broke the news that longtime Kansas City Royals owner, David Glass, is in talks to sell the club to John Sherman, vice-chairman of the Cleveland Indians.
Rosenthal reports that, while it is unknown if the two sides are close to a deal, discussions have occurred between the Glass family and a group headed by Sherman.
Sherman is a Kansas City native with a long history of philanthropy and entrepreneurship in the city. The 2009 UMKC Bloch School of Business Entrepreneur of the Year serves on the board of directors for multiple organizations, including The Truman Presidential Library Institute. Sherman became a minority investor in the Cleveland Indians in 2016 and is currently vice-chairman of the team.
After years of helming the management group of the team, Glass officially bought the Royals in 2000 for $86 million. Forbes values the Royals at around $1 billion. Glass’ son, Dan, is currently president of the team. The elder Glass, known among Royals fans and players as Mr. Glass, turns 84 in September.
There has been no other confirmation by club officials about the discussions at this time. General manager Dayton Moore informed MLB.com write Jeffrey Flanagan that “it would be inappropriate” to discuss such matters at the moment. The timeline of this discussed deal is unknown.