Menu
Franchises

Royals Owner Glass Reiterates Willingness To Spend, Denies Operating Profit

Royals Owner David Glass yesterday confirmed the club is "operating with a $70 million soft cap for next season's payroll but emphasized 'nothing is set in stone' and reiterated a willingness to fund a deficit to bolster the team's deficiencies," according to Bob Dutton of the K.C. STAR. Glass said, "We don't have a hard number on anything. I would tell you that for us to break even, our payroll has to be in the $70 million range. But as we've discussed before, we will react based on what our opportunities are." Glass also "disputed the notion ... that he has pocketed more than $100 million in operating profit since purchasing the club in 2000." Glass: "From the time we've owned the team until now, accumulatively we've done no better than break even. We've actually subsidized it slightly during that period of time." He added, "I've always said that whatever money the franchise generates, we're willing to put it all back in -- whether it's in amateur bonuses or payroll or scouting. I'm even willing to go further and subsidize it at a time when we've got a chance to win our division or really be competitive. We're at that time" (K.C. STAR, 11/29). Glass said, "I'm not interested that much in us being competitive for one year. I don't want to shoot craps for one year and mortgage the future for us to do it. I want us to be competitive every year and continue to get better" (MLB.com, 11/28). In K.C., Sam Mellinger wrote Glass "should know his credibility is on the line," and that "a decade of promises and six years of changed ways will be proven fraudulent if he continues pulling the false-economy parking brake that diminishes his team's ability to improve at such a crucial point." His "apparent insistence" on capping the team's payroll is "an assault on common sense." If Glass "doesn't step forward now ... then everything he's said about wanting to win is a lie" (K.C. STAR, 11/28).

SBJ Morning Buzzcast: April 22, 2024

Pegulas eyeing limited partner; The Smiths outline their facility vision; PWHL sets another record and new investments in women's sports facilities

NBC Olympics’ Molly Solomon, ESPN’s P.K. Subban, the Masters and more

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Molly Solomon, who will lead NBC’s production of the Olympics, and she shares what the network is are planning for Paris 2024. Later in the show, we hear from ESPN’s P.K. Subban as the Stanley Cup Playoffs get set to start this weekend. SBJ’s Josh Carpenter also joins the show to share his insights from this year’s Masters, while Karp dishes on how the WNBA Draft’s record-breaking viewership is setting the league up for a new stratosphere of numbers.

SBJ I Factor: Gloria Nevarez

SBJ I Factor features an interview with Mountain West Conference Commissioner Gloria Nevarez. The second-ever MWC commissioner chats with SBJ’s Ross Nethery about her climb through the collegiate ranks. Nevarez is a member of SBJ’s Game Changers Class of 2019. Nevarez has had stints at the conference level in the Pac-12, West Coast Conference, and Mountain West Conference as well as at the college level at Oklahoma, Cal, and San Jose State. She shares stories of that journey as well as how being a former student-athlete guides her decision-making today. 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/2012/11/29/Franchises/Royals.aspx

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

https://www.sportsbusinessjournal.com/Daily/Issues/2012/11/29/Franchises/Royals.aspx

CLOSE