MLB owners approve sale of Royals to John Sherman

Major League Baseball owners unanimously approved the purchase of the Kansas City Royals by an ownership group led by Kansas City native John Sherman.

This vote took place at the MLB owners meetings and the final approval hinges upon the closing of the sale with the family of David Glass, who is the soon-to-be former owner of the Royals. According to the team, that sale is expected to close early next week.

“First, I’d like to express my gratitude to David Glass and his family for all that he has done for Kansas City, for Major League Baseball – and for giving us an opportunity to do this in our hometown,” Sherman said in a statement. “Second, my thanks to Paul Dolan for being a great partner in Cleveland; I look forward to continuing to be his partner in Major League Baseball. Finally, I want to thank the Commissioner’s Office and my fellow MLB owners for their confidence and trust.”

Sherman and his group will make up the third owner of the Royals since they became a team in 1969. He is an entrepreneur who has developed two successful businesses in Kansas City.

In baseball, he previously was the vice chairman and a minority ownership partner with the Cleveland Indians. The Royals announced the Glass family's sale of the team to Sherman back on August 30