John Sherman (businessman)

John J. Sherman is an American businessman. He is the owner of the Kansas City Royals of Major League Baseball.

Biography

Sherman graduated from Ottawa University. He founded LPG Services Group, which later merged with Dynegy. In 1996, Sherman founded Inergy. It merged with Crestwood Holdings in 2013.[1]

Sherman bought a minority share of the Cleveland Indians in 2016, and became their vice chairman.[2][3][4]

On August 30, 2019, Kansas City Royals owner David Glass announced his intention to sell the franchise to Sherman at a reported price of over $1 billion. MLB and its owners approved the purchase on November 21.[5]

References
  1. "Potential Royals owner John Sherman: 'the kind of guy who would pour himself into it'". Kansas City Star. Retrieved April 3, 2020.
  2. "Meet the Royals season-ticket holder who owns a piece of the Cleveland Indians". Kansas City Star. Retrieved April 3, 2020.
  3. "KC entrepreneur joins Cleveland Indians ownership group". Kansas City Star. Retrieved April 3, 2020.
  4. Pluto, Terry (March 24, 2018). "Inside story how John Sherman became a partner in Cleveland Indians". cleveland.com. Retrieved August 30, 2019.
  5. Snyder, Matt (August 30, 2019). "Royals owner David Glass agrees to sell team to John Sherman, reportedly for more than $1 billion". CBSSports.com. Retrieved November 21, 2019.
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