ARLINGTON, Texas John Sherman wore a dark gray suit with a purple tie on the biggest day of his public life. He can never again just be a self-made billionaire who married a Kansas City woman and made her hometown his.
He is now and will be forever known as the third owner in the 51-year history of the Royals, his purchase of the club for a reported $1 billion or more officially approved by unanimous vote in a second-floor boardroom Thursday at a new luxury hotel next door to the Texas Rangers new ballpark.
Major League Baseball Commissioner Rob Manfred effectively confirmed The Stars reporting that Shermans previous stake in the Indians included an agreed-upon path for him to control that club. Instead, Sherman gave up both his interest in the Indians and that path to become their next owner to buy the Royals.
Stay connected to the stories and events that make your community a special place to call home.
Subscriptions start at $14.90/month.View subscription options
- Unmatched coverage of Allen County’s local news and sports, a tradition dating back to 1867
- Compelling portraits of our residents, experienced reporting and thoughtful analysis
- Unlimited online access to iolaregister.com and our archives