David Glass agreed to sell the Kansas City Royals to businessman John Sherman and co-investors.
Sherman bought the team for more than $1 billion.
“The decision to sell the Royals was difficult for our family. Our goal, which I firmly believe we’ve achieved, was to have someone local, who truly loved the game of baseball and who would be a great steward for this franchise going forward. In John Sherman we have found everything we were looking for in taking ownership of this franchise,” Glass said in a news release.
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