Commissioner Rob Manfred today announced that the owners of the Major League Clubs have unanimously approved the ownership group of the Kansas City Royals, led by John Sherman, a Kansas City, Missouri-based entrepreneur. The vote was conducted at the Owners Meetings being held in Arlington, Texas. The final approval is contingent upon the closing of the sale transaction with the David Glass family, which is expected early next week.
Sherman and the co-investors will mark the third owner of the Royals since their inception in 1969 when Ewing Kauffman brought Major League Baseball back to Kansas City after a one-year absence.