David Glass completed the $1 billion sale of the Kansas City Royals to a new ownership group.
The group led by John Sherman includes actor Eric Stonestreet and Kansas City businessmen.
Glass visited Missouri State University last month to help promote the school's $250 million fundraising campaign.
Read more from The Associated Press.
The Harvard Business Review finds more than 75% of brands have a dedicated budget for influencer marketing, and a study from social media resource Influencer Marketing Hub said the industry is expected to grow $21.1 billion this year.