Royals worth $700M according to Forbes

[Prison Bitch]

Originally Posted by alnorth

That agreement expired a few years ago. If Glass sells now, all the money goes to him.

There was never any restriction on him selling the team and keeping any profit. That only applied to the original sellers. The IRS restricted the Kauffman's from profiting since it was left in a tax-free vehicle. No investor would ever buy something he could not profit from, but only lose money on.


That said I don't see why anyone cares what Glass does with his $. If you don't like his product don't buy it. If he hoards money don't give him any of yours.