Sherman is founder and former chairman and chief executive officer of Inergy, L.P. Sherman was born in Japan in 1955, where his father served in the United States Air Force.
[2] Sherman began his business career in telecommunications before shifting to energy.
[2] Sherman bought a minority share of the Cleveland Indians in 2016, and became their vice chairman.
[4][5][6] 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.
[10] However, according to a financial analysis by Jackson County of the plans, the cost to taxpayers would drastically exceed those claimed by Sherman.