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STILL NO IRS APPROVAL FOR THE KAUFFMAN ESTATE PLAN ON ROYALS
Published May 2, 1995
The plan set up by the late Ewing Kauffman to give proceeds from the sale of the Royals to local charities is yet to get approval from the IRS, according to AP's Doug Tucker. Furthermore, it is the "worst possible time" for the team, averaging around 16,000 thus far, to take a "big attendance hit." Assuming the IRS and the AL approve Kauffman's plan, "who'd want to buy a small-market team in a town that draws only about 16,000, and in a climate of general deterioration of baseball interest nationwide?" On the other hand, if the IRS does not approve the plan, the team would "probably be put on the market and go to the highest bidder." WRites Tucker, "If that happens, baseball in Kansas City could be in greater peril than any time since [Charlie] Finley first started packing for Oakland." Either way, Tucker notes the team and the city need a local benefactor to step up soon (ST. LOUIS POST-DISPATCH, 5/2).