Sherman began his business career in telecommunications before shifting to energy. He divested control of the company in 2014.
Kansas City Royals ownership 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. During the
COVID-19 pandemic, he did not lay off or
furlough any employees. He fired Moore in September 2022. Since purchasing the team, Sherman has planned to either relocate or replace the team's stadium. As of 2023, the options were to replace the Kauffman stadium in Jackson County or build a new stadium in Clay County. Under Sherman's proposed plans in September 2023, the new stadiums would cost $2 billion, with Sherman expecting taxpayers to pay for half of those costs. However, according to a financial analysis by Jackson County of the plans, the cost to taxpayers would drastically exceed those claimed by Sherman. The analysis found that taxpayers would shoulder $4.4 billion to $6.4 billion. ==Personal life==