SBD/19/Franchises

K.C. BANKER WANTS ROYALS; WILL TEAM SHOW HIM THE BOOKS?

          K.C. banker and car dealer Jerry Green said Thursday
     that he wants to buy the Royals, according to Charles
     Crumpley of the K.C. STAR.  Green, who says he has assembled
     a group of "wealthy investors" whom he would not identify,
     leads the third publicly known group interested in buying
     the team, and Royals execs said yesterday that one other
     K.C. family, "which they would not identify," is a fourth
     ownership candidate.  Yesterday Green "complained" that the
     Royals' top execs "refused to show him the financial records
     of the team."  Royals execs, however, "expressed frustration
     with Green."  Crumpley reports that because the Royals are
     operating under a special IRS ruling, they "cannot negotiate
     with only one person.  Instead, the team must hold an
     auction, at which time all potential bidders would see the
     books."  The Royals' board of directors "have been leaning
     toward waiting until next year" to hold the auction "when
     the team may profitable and, therefore, may fetch a higher
     bid" (K.C. STAR, 9/19).  The directors have three years left
     on their "six-year clock" to find a local buyer (AP, 9/19).

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