Menu
Franchises

FOURTH GROUP STEPS UP FOR ROYALS, BUT WILL TEAM EXECS SELL?

          A group headed by K.C. businessman Frank Oddo "was
     identified Friday as the fourth group interested in bidding
     for the Royals," according to Crumpley & Whitlock of the
     K.C. STAR.  Oddo said late Friday that he has assembled
     "eight wealthy investors -- all local" -- who are interested
     in buying the team.  Oddo, who would not identify the would-
     be investors: "I've been trying to buy them for six months.
     ... I don't think they're interested in selling."  Local
     businessperson Jerry Green expressed his desire to buy the
     team on Thursday, but "complained about the reluctance of
     the Royals' board of directors to sell" (K.C. STAR, 9/20). 
          UPON FURTHER REVIEW: Royals Chair & CEO David Glass
     said it was "great that we now have a level of interest" in
     team.  But the K.C. STAR's  Crumpley wrote "whether that
     level of interest can last is a question.  As the two new
     possible owners stepped forward, the two old possible owners
     seemed less confident about continuing."  Glass, "long
     considered the front-runner ... may be out if prospective
     bidders for the team prove to be solid."  Bobby Brett, on an
     ownership group headed by him, his brother, George, and
     business exec Bill Pereira: "This year, our interest has
     really waned" (K.C. STAR, 9/21).  Columnist Jason Whitlock,
     on the Royals' Glass, President Mike Herman and GM Herk
     Robinson: "Now, for the good of [K.C.], it's time they step
     aside, put the franchise up for auction and accept our warm
     thanks for watching over the baseball club. ... [T]hey have
     outstayed their usefulness and are on the verge of
     destroying the franchise" (K.C. STAR, 9/21).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1997/09/22/Franchises/FOURTH-GROUP-STEPS-UP-FOR-ROYALS-BUT-WILL-TEAM-EXECS-SELL.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1997/09/22/Franchises/FOURTH-GROUP-STEPS-UP-FOR-ROYALS-BUT-WILL-TEAM-EXECS-SELL.aspx

CLOSE