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Kemper buys stake in K.C. Royals.(R. Crosby Kemper III; Kansas City Royals baseball team)
When New York lawyer Miles Prentice submitted the winning bid for the Kansas City Royals, it was with the help of R. Crosby Kemper III, president of UMB Bank of St. Louis.
Kemper and his father, R. Crosby Kemper, chairman of Kansas City-based UMB Financial Corp., committed $3 million, with part of the money coming from UMB.
"The reason for this is civic, primarily," said the younger Kemper, who is expected to sit on the Royals' board of directors.
"It's too important a civic asset to lose"
More than 20 investors will pay a total of $75 million for the team, which technically is owned by a community foundation under a succession plan …
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