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FOURTH GROUP STEPS UP FOR ROYALS, BUT WILL TEAM EXECS SELL?
Published September 22, 1997
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).