*Photo from ballparksofbaseball.com*
The Kansas City Royals chairman and owner John Glass has decided to sell the team to a group led by Kansas City entrepreneur John Sherman. Reports of a possible sale broke at the beginning of the week. Sherman will forfeit his stock of the Cleveland Indians once the sale is complete.
Sherman released a statement saying "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." Financial terms were not made available, but it is believed that the estimated cost is over $1 billion. MLB has yet to approve the sale.
The Glass family bought the Royals in April 2000, although the Royals struggled for many years under their ownership, winning just one title, in 2015. They won just two AL pennants, in 2014 and 2015. They had just one winning season in between 2000 and 2012.
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