The Kansas City Royals have reportedly been sold to Kansas City businessman John Sherman.

The Royals and MLB confirmed the team has been sold to Sherman and a group of investors.

The #Royals and Major League Baseball have now confirmed David Glass and his family have reached an agreement to sell the team to John Sherman and a group of investors.

— Lynn Worthy (@LWorthySports) August 30, 2019

USA Today reporter Bob Nightengale first reported the deal is for $1 billion dollars, and could be approved by the MLB owners as soon as November.

KC #Royals owner David Glass has agreed to a deal for $1 billion with KC businessman John Sherman, a Cleveland #Indians minority owner, which will become official in November when ratified by the #MLB owners.

— Bob Nightengale (@BNightengale) August 30, 2019

Sherman is a minority owner of the Cleveland Indians.

He would have to sell his stake in the Indians before he could buy the Royals.

Royals owner David Glass, who’s 84, reportedly wants to sell the team because of health reasons.