Career With Kansas City Royals
Glass became the interim CEO and Chairman of the Board of Directors of the Royals on September 23, 1993, following the death of the founding owner, Ewing Kauffman. Under Glass' leadership, the board cut the payroll budget from $41 million to $19 million. During the Major League Baseball strike of 1994-1995, Glass opposed any settlement with the players' union without a salary cap, and supported the use of strike breaking "replacement" players, despite a court ruling that Major League owners were in violation of Federal labor laws.
On April 18, 2000, Glass became sole owner of the Royals, purchasing the organization for $96 million. The Board approved his offer despite a competing bid $120 million by Miles Prentice. MLB said that Prentice did not have league mandated net worth to buy the team. An original stipulation of the sale was that any profits from Glass' sale of the Royals must go to charity, but that clause has since expired.
During his tenure as owner, Glass has been criticized for using the same cost-cutting management style of the Wal-Mart company with the Royals baseball team, resulting in large personal profits for himself but a poorly-performing team. Glass' management is cited for transforming the Royals from a winning team in the 1980s to one of the worst teams in Major League Baseball during the 1990s and 2000s.
Glass created a controversy on 9 June 2006 by revoking the press credentials of two reporters who had earlier asked pointed questions to Royals management. The harsh move to avoid criticism infuriated many within the press and led to a backlash of articles that extended far beyond the Kansas City sports community.
Read more about this topic: David Glass (businessman)
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