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 |
Let's see when the Royals were for sale and no one local would step up to the $88 million Glass offered. Lamar and Westar offered @ $50 Million, Jerry Green was in the $55-60 million range and George, Rush and Gateway Computer were in that same range. If no one local wanted to buy the team at those prices who is going to spend $350 million now? This is why we don't have the NBA or NHL no local owners.
There is an out in the lease as this is in any pro sports lease...if an owner is willing to spend $350 million another city will be will to pay the buy out to get the team. Not to mention that KCMO is looking to back out of the money they promised that may break the lease. At best it goes to court just like the Socis before the move to OKC.