Headlines

  • Royals, Hunter Dozier Agree To Four-Year Extension
  • Giants, Scott Kazmir Agree To Minor League Deal
  • Kelvin Herrera Announces Retirement
  • Braves Extend Brian Snitker
  • Yankees Sign Justin Wilson
  • Braves Sign Jake Lamb
  • Previous
  • Next
Register
Login
  • Hoops Rumors
  • Pro Football Rumors
  • Pro Hockey Rumors

MLB Trade Rumors

  • Home
  • Teams
    • AL East
      • Baltimore Orioles
      • Boston Red Sox
      • New York Yankees
      • Tampa Bay Rays
      • Toronto Blue Jays
    • AL Central
      • Chicago White Sox
      • Cleveland Indians
      • Detroit Tigers
      • Kansas City Royals
      • Minnesota Twins
    • AL West
      • Houston Astros
      • Los Angeles Angels
      • Oakland Athletics
      • Seattle Mariners
      • Texas Rangers
    • NL East
      • Atlanta Braves
      • Miami Marlins
      • New York Mets
      • Philadelphia Phillies
      • Washington Nationals
    • NL Central
      • Chicago Cubs
      • Cincinnati Reds
      • Milwaukee Brewers
      • Pittsburgh Pirates
      • St. Louis Cardinals
    • NL West
      • Arizona Diamondbacks
      • Colorado Rockies
      • Los Angeles Dodgers
      • San Diego Padres
      • San Francisco Giants
  • About
    • MLB Trade Rumors
    • Tim Dierkes
    • Writing team
    • Advertise
    • Archives
  • Contact
  • Tools
    • 2020-21 Top 50 MLB Free Agents With Predictions
    • 2020-21 MLB Free Agent Tracker
    • 2020-21 MLB Free Agent List
    • 2021-22 MLB Free Agent List
    • Projected Arbitration Salaries For 2021
    • 2021 MLB Arbitration Tracker
    • Transaction Tracker
    • Extension Tracker
    • Agency Database
    • Last 100 Comments
  • NBA/NFL/NHL
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors
  • App
  • Chats
Go To Pro Hockey Rumors
Go To Hoops Rumors

John Sherman Officially Purchases Kansas City Royals

By Dylan A. Chase | November 26, 2019 at 10:04am CDT

NOVEMBER 26: The sale has been formally announced.

NOVEMBER 21: MLB owners have approved the sale of the Kansas City Royals baseball club to area businessman John Sherman, as reported by ESPN’s Jeff Passan (Twitter link).

In August, word came that longtime Royals owner David Glass was discussing a potential sale with the KC-based Sherman, with the final price expected to exceed $1BB. Today’s procedural approval by owners and the league itself marks an official transition of ownership.

Sherman’s acquisition was never expected to be in serious doubt, in part due to the 64-year-old’s existing ties to the game. Sherman has been a minority stakeholder in the division-rival Indians since 2016, holding the official title of vice chairman since that time. Sherman, who made his fortune in the natural gas and energy industries, is expected to divest himself of his ties to the Indians now that this sale is approved.

Glass’ tenure as KC owner saw his club reach the broadest possible spectrum of highs and lows. Glass purchased the Royals for a reported $96MM back in 2000. Over the next two decades, the franchise would record 100-or-more losses in six separate campaigns, while reaching the World Series consecutively in 2014 and 2015 (ultimately bringing home a ring in ’15). Next year will mark the 14th full season of club direction under GM Dayton Moore, with the Royals currently engaged in another future-oriented youth movement.

Share 0 Retweet 5 Send via email0

Kansas City Royals

Derek Jeter On Marlins’ Offseason Plans
Main
Mariners Reportedly Nearing Another Rotation Signing
56 comments
newest oldest

Comments

  1. MB923

    1 year ago

    Almost read this as Joel Sherman

    4 Like
    Reply
    • Joe Says...

      1 year ago

      That would be awesome!!!

      Like
      Reply
    • StandUpGuy

      1 year ago

      Who is Joel Sherman again? I recognize his name but I can’t put my finger on exactly who he is.

      Like
      Reply
      • Joe Says...

        1 year ago

        Writer for the NY Post and is on MLB Network often.

        Like
        Reply
        • StandUpGuy

          1 year ago

          Ahhh. Late 40’s or 50’s with black hair, right?

          1 Like
          Reply
        • Joe Says...

          1 year ago

          you just described most of the writers on MLB Network. Probably best to just do a Google search.

          6 Like
          Reply
        • Perksy

          1 year ago

          That would be Jon Heyman. Sherman’s hair is lighter brown with grey mixed and he’s very skinny too.

          1 Like
          Reply
      • bobtillman

        1 year ago

        Ambassador to the Ukraine, overheard a phone call between the President and Nikita Krushef……

        I may be a bit confused here…..

        1 Like
        Reply
        • StandUpGuy

          1 year ago

          All I can tell you is don’t type the current Presidents name into the comments on this site. You can say the name Barack Obama or any other past president but if you type the current Presidents name they will block your comment and say that it “is awaiting moderation.” I know they don’t want politics on the site but I discovered that by a completely apolitical conversation. Someone started talking about people that were hated by the media and I mentioned the presidents name. They blocked my post even though it had nothing to do with politics. I then did a test where I made a post that only had the current Presidents name and they blocked that too. After that I did a test where I typed Obama’s name and that went through no problem. People saw what I did so they shut down the comments section for the entire post. I was a little surprised because it wasn’t a political conversation. It’s not like they were trying to stop a political dispute (unless things happened afterwards that I didn’t get to see. It just kind of seems like they don’t want the current Presidents name to be allowed on the site in any form but Obama and Beto O’Rourke are perfectly fine. If anyone wants to test it out type the current President’s name alone and try to post it as a comment. Then type any other presidents name and post it as a comment. Only the current president will be blocked. I bet they will close comments just for that. Which is very weird because there is no political discussion and I am apathetic personally. It seems like they just don’t want the current (and only current) president’s name to show up on this site and they close down comments to make sure nobody realizes it. I am not the biggest supporter of the current president by any stretch of the imagination, but why block posts and close comments just because people mention his name when they can mention every other president/politician’s name?

          1 Like
          Reply
        • SoCalStuntman

          1 year ago

          He never even mentioned the current Presidents name so why even mention it!! Trying to stir up unnecessary controversy…. week!!

          1 Like
          Reply
        • NU Wildcats

          1 year ago

          John Quincy Adams

          Like
          Reply
        • The Ghost of Bobby Bonilla

          1 year ago

          Millard Fillmore
          James Garfield
          James Buchanan
          Jimmy Carter
          Calvin Coolidge

          Story totally checks out

          Like
          Reply
        • 5toolMVP

          1 year ago

          The Donald. Ha!

          Like
          Reply
        • jorge78

          1 year ago

          Because the
          supporters of
          he who will not
          be named go
          bonkers with
          name calling.
          Even on non
          political posts.
          They are rapid
          deluded
          sheep…..

          Like
          Reply
        • KYRedSox17

          1 year ago

          *Weak!!

          Like
          Reply
    • awf111969

      1 year ago

      I read it as Peabody and Sherman

      3 Like
      Reply
    • Bochys Retirement Fund

      1 year ago

      I spent the entirety of reading this article wondering how he makes so much money as a baseball writer

      Like
      Reply
      • RoyalsFanAmongWolves

        1 year ago

        account in the cayman islands

        Like
        Reply
  2. DarkSide830

    1 year ago

    took ya long enough. ridiculous they let this carry into the offseason.

    Like
    Reply
    • jkoch717

      1 year ago

      It has to be approved by the owners, and that can only happen at owners meetings. Those meetings are held twice a year (I think), so there was no “ridiculous[ness]” for “let[ting it] carry into the offseason.” Learn the rules.

      4 Like
      Reply
    • JD396

      1 year ago

      Doing a billion dollar transaction is not exactly like ordering McNuggets through the drive through.

      6 Like
      Reply
      • 5toolMVP

        1 year ago

        I’d like to order one MLB team off the dollar menu, a double cheeseburger, large fries and DrPepper. …that’ll be $1,200,000,006.45 (sorry cashier cannot accept bills larger than $20)

        1 Like
        Reply
  3. andrewgauldin

    1 year ago

    I got confused with Bruce Sherman.

    Like
    Reply
    • StandUpGuy

      1 year ago

      Who is Bruce Sherman?

      Like
      Reply
      • abgb123

        1 year ago

        Owner of the Marlins

        Like
        Reply
    • vtadave

      1 year ago

      I thought this was Richard Sherman the football player.

      Like
      Reply
  4. titanic struggle

    1 year ago

    That’s a fairly good return on your investment right there…

    2 Like
    Reply
    • ScottCFA

      1 year ago

      I made 10x on my Visa stock in 9 years. However, being a plain stockholder isn’t as cool as owning a baseball team!

      1 Like
      Reply
    • Vizionaire

      1 year ago

      arte moreno bought the angels for $184 mil. the team is now worth $2-2.3 billion. that’s a nice return!

      1 Like
      Reply
      • vtadave

        1 year ago

        Jerry Buss bought the Lakers, Kings, the Forum, and a 13k acre ranch for $67.5 million. The Lakers are now valued at $3.7 billion

        Like
        Reply
  5. Buck Dharma

    1 year ago

    I don’t agree that he should move the team to Montreal. KC fans don’t deserve to lose a second team like DC.

    2 Like
    Reply
    • WereAllJustGuestsHere

      1 year ago

      Why would anyone want to do that or even suggest that move?

      1 Like
      Reply
    • Rocket32

      1 year ago

      Doubt the Royals are going anywhere. If any team will be moving anytime soon it’s likely gonna be the Rays, A’s, or Marlins.

      Like
      Reply
      • Sky14

        1 year ago

        The Marlins aren’t going anywhere. Their lease locks them into Maimi for awhile.

        Like
        Reply
    • MajorLeague79

      1 year ago

      David Glass specifically sought out Sherman to purchase the team as he is from Kansas City and wouldn’t move the team.

      2 Like
      Reply
  6. lettersandnumbersonly

    1 year ago

    Not a bad 20 year return on investment. 1billion on a 100million investment. 2 world series appearances with 1 championship. I’d take that. I’d also be happy with 1/100th of the start up fee. But that’s just me.

    Like
    Reply
  7. whyhayzee

    1 year ago

    I guess he reached the Glass ceiling.

    1 Like
    Reply
  8. kona

    1 year ago

    Epstein didn’t kill himself

    3 Like
    Reply
    • bobtillman

      1 year ago

      Final Jeopardy Answer:
      “Christmas Ornaments, Drywall, Jeffrey Epstein”

      Question: “What are 3 things that can’t hang themselves”.

      3 Like
      Reply
    • moody

      1 year ago

      Dead pedophiles tell no tales

      1 Like
      Reply
    • JoeBrady

      1 year ago

      It’s called Arkancide. An entirely new category.

      Like
      Reply
  9. moody

    1 year ago

    I read it as Sherman Helmsley. Movin’ on up like George and Weezie…

    2 Like
    Reply
  10. sdnative

    1 year ago

    Excellent now that that’s over with, first order of business is trading Whit Merrifield to the Padres

    Like
    Reply
    • RoyalsFanAmongWolves

      1 year ago

      nope. And don’t suggest for Wil Myers because we don’t want a large contract like that. Whit plays six positions. He’s worth more than the Padres have in their farm.

      Like
      Reply
      • JoeBrady

        1 year ago

        Trading Whit should be a slam dunk. KC finished 26th, without a lot of young guys starting to emerge. Whit is probably already on his downhill slide, but still with a lot of value.

        Unless your goal is 65-97, then trading Whit should be your first priority.

        Like
        Reply
        • MajorLeague79

          1 year ago

          I completely agree with you that the Royals need to trade Whit.

          Like
          Reply
  11. Josh blankenship

    1 year ago

    Obama

    Like
    Reply
  12. canocorn

    1 year ago

    William Henry Harrison

    Like
    Reply
  13. Wolf Chan

    1 year ago

    doing a quick google it looks like this guy is also the vice chairman of the indians and a minority shareholder – how exactly does that work if he owns stake in 2 competing clubs? en.wikipedia.org/wiki/John_Sherman_(businessman)

    Like
    Reply
    • Joe Kerr

      1 year ago

      Read the entire story, your answer is in it. 2nd to last paragraph.

      1 Like
      Reply
      • Wolf Chan

        1 year ago

        oh duh missed that pert

        Like
        Reply
    • jonnyzuck

      1 year ago

      I don’t know how often it happens, but owners are often partial owners of other franchises before they buy a controlling stake in a team

      Like
      Reply
  14. brewers.rule1978

    1 year ago

    One thing I’m wondering about this sale: what does this mean for their rebuild and cash flow for salary? Will they be playing more like the bigger boys or still keep the small market limits?

    Like
    Reply
  15. isa408

    1 year ago

    If the price was stated as “$96MM” back in 2000, shouldn’t it be stated as “$1MMM” now? :)

    Like
    Reply
  16. sergefunction

    1 year ago

    I read this as Sherman Tank, the most widely-used medium-sized tank by the United States and the Western Allies during World War II.

    Like
    Reply
    • JD396

      1 year ago

      I’m wondering if Mr. Peabody is part of the ownership group.

      Like
      Reply

Leave a Reply Cancel reply

Please login to leave a reply.
Log in Register

ad: 300x250_1_MLB

    Top Stories

    Royals, Hunter Dozier Agree To Four-Year Extension

    Giants, Scott Kazmir Agree To Minor League Deal

    Kelvin Herrera Announces Retirement

    Braves Extend Brian Snitker

    Yankees Sign Justin Wilson

    Braves Sign Jake Lamb

    Athletics Sign Mitch Moreland

    Yankees Re-Sign Brett Gardner

    Giants To Sign Jake McGee

    Mariners CEO Kevin Mather Resigns

    Recent

    Royals, Hunter Dozier Agree To Four-Year Extension

    Quick Hits: Pujols, Blue Jays, Kennedy, Santana

    Royals, Hunter Dozier In “Serious” Extension Negotiations

    Minor MLB Transactions: 2/27/21

    MLBTR Chat Transcript

    Astros Claim Robel Garcia

    Red Sox Acquire Zach Bryant From Cubs

    Quick Hits: Yankees, Cardinals, Diamondbacks

    MLBTR Poll: Forecasting The Yankees Rotation

    COVID Notes: Carlos Carrasco, Kevin Plawecki

    Latest Rumors & News

    Latest Rumors & News

    • Kris Bryant Rumors
    • Jackie Bradley Jr. Rumors
    • Jake Odorizzi Rumors
    • Taijuan Walker Rumors
    Trade Rumors App for iOS and Android

    MLBTR Features

    MLBTR Features

    • Go Ad-Free
    • How To Set Up Notifications For Breaking News
    • 2020-21 Top 50 MLB Free Agents With Predictions
    • 2020-21 MLB Free Agent Tracker
    • 2020-21 MLB Free Agent List
    • 2021-22 MLB Free Agent List
    • Projected Arbitration Salaries For 2021
    • 2021 MLB Arbitration Tracker
    • Transaction Tracker
    • Extension Tracker
    • Agency Database
    • MLBTR On Twitter
    • MLBTR On Facebook
    • Team Facebook Pages
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors

    Rumors By Team

    • Angels Rumors
    • Astros Rumors
    • Athletics Rumors
    • Blue Jays Rumors
    • Braves Rumors
    • Brewers Rumors
    • Cardinals Rumors
    • Cubs Rumors
    • Diamondbacks Rumors
    • Dodgers Rumors
    • Giants Rumors
    • Indians Rumors
    • Mariners Rumors
    • Marlins Rumors
    • Mets Rumors
    • Nationals Rumors
    • Orioles Rumors
    • Padres Rumors
    • Phillies Rumors
    • Pirates Rumors
    • Rangers Rumors
    • Rays Rumors
    • Red Sox Rumors
    • Reds Rumors
    • Rockies Rumors
    • Royals Rumors
    • Tigers Rumors
    • Twins Rumors
    • White Sox Rumors
    • Yankees Rumors

    ad: 160x600_MLB

    Navigation

    • Sitemap
    • Archives
    • Feeds by Team

    MLBTR INFO

    • Advertise
    • About
    • Commenting Policy
    • Privacy Policy

    Connect

    • Contact Us
    • Twitter
    • Facebook
    • RSS Feed

    MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

    hide arrowsFOX Sports Engage Network scroll to top
    Close

    Desktop Version | Switch To Mobile Version