Kansas City Royals Owner Negotiating to Sell Team for $1 Billion .
David Glass is in talks to sell the franchise to John Sherman for more than $1 billion, according to ESPN.
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Sherman is currently a minority owner of the Cleveland Indians.
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The Royals organization said it is "not in a position to make any comments on the published speculation regarding any potential sale of the ball club." .
Glass, the former CEO of Walmart, purchased the Royals in 2000 for $96 million.
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The value of baseball franchises has increased dramatically in recent years.
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Bruce Sherman purchased the Miami Marlins in 2017 for $1.2 billion.
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David's son, Dan Glass, is Kansas City's current team president.
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The Royals reached the World Series in 2014 and won the championship in 2015.
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It was their second World Series title in franchise history
