Quote:
Originally Posted by gblowfish
As was mentioned earlier, Jack Harry (KC TV reporter if you live outside KC) says whispers are beginning that Glass Family (Daddy Wal Mart Bucks) may be looking to sell the Royals. He's getting old and may want to sell off the team before the "death tax" increases next year, so his family can cash out before then.
He bought the team for around $88 million in 2001. It would probably sell today for about $350 million. Not a bad profit for ten years of providing multiple 100-loss season to long suffering KC fans.
This could be a good thing, as long as the new owners keep the team in KC.
In the past I've heard Portland and Indianapolis would like to steal the Royals. Portland has Nike Money. Indianapolis took the NCAA HQ away from KC, and the Colts from Baltimore. So I guess anything is possible. I don't know anybody here in KC who would pony up $350 million for the Royals, so the new owner would most likely be absentee.
Maybe we could talk Will Ferrell or Charlie Sheen into buying them?
Here's the Channel 41 Video:
http://tinyurl.com/2elvexw |
I'm guessing there might be some provisions for the team staying during the course of their lease, given that the Tax Payers shelled out some serious jack for the New K.