The Kansas City Royals have moved -- not actually, but legally. That company filed a certificate of conversion with the Missouri secretary of state on Nov. 19 to convert to Kansas City Royals Baseball Club Inc., a Delaware corporation. Then the newly named corporation converted to Kansas City Royals Baseball Club LLC, a Delaware limited liability company. Sherman’s group acquired 100% of Kansas City Royals Baseball Club LLC on Nov. 25, a deal thought to be valued at $1 billion. The Royals have a Class A minor league team in Wilmington“Corporate laws are much more universal in Delaware,” Royals spokesman Mike Swanson said.

Source: Fox News May 28, 2020 21:11 UTC