John Sherman To Be Introduced As Royals Owner At November Meeting
Indians Vice Chair and K.C. native John Sherman is "expected to be introduced as the third owner of the Royals' franchise" on Nov. 21 at the MLB owners' meetings in Arlington, according to Bob Nightengale of USA TODAY. Sherman has "finalized an agreement" to purchase the Royals for $1B from Owner David Glass. Sherman has a "strong reputation among fellow owners and was strongly recommended" by Indians Chair & CEO Paul Dolan. Sources said that Glass "decided to sell only this year because of private health reasons" (USA TODAY, 8/31). In K.C., Sam McDowell in a front-page piece noted Glass' $96M purchase of the Royals in '00 finally concluded a "nearly seven-year saga of a transition" after the death of former Owner Ewing Kauffman. The second transition in franchise history "could be a much smoother passing of the torch." Sherman "hasn't lost his connections" to K.C. even while holding a minority stake in the Indians (K.C. STAR, 8/31). THE ATHLETIC's Alec Lewis wrote Glass was "always going to want a succession plan -- an owner who wanted to keep the team in Kansas City, one who loved baseball." Sherman is a "former Royals season-ticket holder" who was "inspired to get into baseball ownership after the Royals' World Series runs" in '14 and '15 (THEATHLETIC.com, 8/30).
TEMPER SHORT-TERM EXPECTATIONS: In K.C., Brian Kaberline wrote for those "expecting Sherman and his investors to break the bank and buy the Royals back into quick contention -- keep dreaming." But it is "fair to expect an ownership group that will study long and hard, realizing that fielding a competitive team starts by snagging and developing talent that others don’t see and taking calculated risks in the free agent and trade markets" (BIZJOURNALS.com, 9/2).
ON THE HORIZON? In K.C., Steve Vockrodt wonders if Sherman could "usher in the possibility of the Royals pursuing" a downtown ballpark. Sources said that Sherman "hasn't discussed the idea specifically, but clues exist to suggest he might be warm to the idea." Sources added that two sites "could have an edge currently should the Royals look downtown" (K.C. STAR, 9/1).