John Sherman approved as new controlling owner of Royals
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November 22, 2019
ARLINGTON, Texas (AP) — John Sherman was approved Thursday as the new controlling owner of the Kansas City Royals, and his group plans to close its deal to purchase the team from David Glass and his family next week.
Major League Baseball owners voted unanimously to approve the deal, which was announced Aug. 30 and was expected to be worth about $1 billion. Sherman and his local co-investors will become only the third owners since Ewing Kauffman founded the club ahead of the 1969 season.
"I am deeply appreciative of the commissioner's office and my fellow owners for their confidence and trust...
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