Owning a Major League Baseball team is a sweet gig. Can you imagine? The best seats, the tax loopholes, the certainty that no matter what happens on the field your ROI makes everyone but Facebook’s initial investors jealous.
David Glass has lived the good owner’s life, too. He bought in for $96 million, and now his Royals are estimated to be worth 10 times that much. Glass helped turn Wal-Mart into a global powerhouse, but he never lost that boyish obsession with baseball. For him, owning the Royals is even better than his childhood dream, playing second base for the Cardinals.