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K.C. BANKER WANTS ROYALS; WILL TEAM SHOW HIM THE BOOKS?
Published September 19, 1997
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).