Section B · Page 4
The University Daily Kansan
Wednesday, February 23, 2000
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Bacardi pours into Royals race
Liquor company's board member bids for club ownership
The Associated Press
KANSAS CITY, Mo. — Another biddder will jump into the Kansas City Royals ownership race with an offer that tops the club's minimum asking price of $75 million, his lawyer said.
Facundo Bacardi, a 39-year-old Atlanta resident, intends to submit his bid tomorrow. He is a member of the board of directors of Bacardi Ltd., the world's fourth-largest wine and spirits producer, and could easily afford to buy the Royals, his lawyer, Andy Friedman said.
Already bidding for the Royals are David Glass, chairman of the Royals board and recently retired chief executive officer of Wal-Mart Stores Inc., and New York attorney Miles Prentice.
Baseball owners rejected Prentice as a potential owner of the team, but he has said his bid remained on the table. Glass re-
entered the bidding process after Prentice's effort was refused. He also has indicated his bid would exceed the $75 million minimum.
Royals president Mike Herman declined to comment on specific bids.
"I'm pleased with the quality and the quantity of the players," he said. "At one time there was very little interest. Now, there is a lot of interest. Things have changed. The Royals are a much better franchise."
Once the Royals have received all written bids, the team's board of directors will vote on the superior bidder. That proposal will be forwarded to Major League Baseball and, ideally, put to a vote before the full group of baseball's owners.
It is not known whether the Royals ownership situation will be addressed during baseball's March ownership meetings.
The Royals have been without an owner since founder Ewing Kauffman died in 1993. Before his death, Kauffman developed a succession plan that was designed to keep the Royals in Kansas City.
The Royals were enormously successful early in the life of the club. But the team has seen its attendance decline as it lost competitiveness because its small-market status made it unable to keep up with rising salaries.
The Royals fielded a team that scored a club record 856 runs last year and fans became excited about such young stars as American League rookie of the year Carlos Beltran, right fielder Jermaine Dye and second baseman
The Royals were able to hold on to all of their key position players in the off-season.
If Bacardi were awarded the franchise, he would maintain a home in
Kansas City, Friedman said. Also, he said, Bacardi intended to solicit local investors and strengthen ties between the Royals and the business community.
"He recognizes that some people may regard him as an outsider," Friedman said. "But he is absolutely committed to keeping the team in Kansas City."
The Bacardi company remains
the largest maker of rum, but has diversified into other spirits. The privately held company, based in Bermuda, is the fourth-largest distilled spirits company in the world, reportedly valued at between $4.5 billion and $5 billion.
Bacardi became interested in baseball when he grew up in Miami and closely followed spring training, Friedman said.
He believes the Royals will again become competitive, the attorney said.
"He is not looking to pocket money," Friedman said. "He wants to make the team more successful."
Glass said he remained committed to buying the team.
"My principal interest is in making sure Kansas City has a really good owner, and we make sure baseball is in Kansas City for the foreseeable future," he said. "I think I can do those things. If you ask me if I'm the only person who can do that, I would say no. But I'm really aggressively pursuing this. I'm chomping at the bit, and I'm ready to get this thing worked out."
Both the Glass and Bacardi camps submitted preliminary proposals this month.
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