The Kansas City Royals won’t play their next game for months, and they are already taking an L.
Aside from a brief run in the mid 2010s, the Royals have been synonymous with losing. That was not always the case, but indifferent ownership, a refusal to spend, and continued misses during the draft have led to a continual state of rebuilding. While the Royals do have a budding star in Bobby Witt Jr., and some interesting pieces around him, they have a long road to return to their winning ways.
Even defunct crypto companies don’t want to be compared to Kansas City Royals
The Royals utter incompetence came to the forefront during the trail of FTX founder Sam Bankman-Fried. He had been asked about the company’s decision to put their name on the Miami Heat’s arena instead of pursuing the same opportunity in Kansas City. His answer showed exactly how the Royals are viewed. As Rachel Scharf reported, Bankman-Fried said “[w]ith no offense to the Royals, I didn’t want to be known as the Kansas City Royals of crypto exchanges.”
To be fair, the Royals probably would not want to be tied to Bankman-Fried and FTX at this point either. The company could have tried to get naming rights to Dodger Stadium instead – frauds recognize frauds. And having Kauffman Stadium tied to another Enron type of naming disaster would be a travesty.
But it also speaks volumes about the state of the Royals. Companies did not want their brand tied to the organization because of how pathetic the team is. Their history of losing and ineptitude frightened away one potential sponsor in FTX. While the Royals may have dodged a bullet, it is going to make naming rights on any future stadium all the more difficult.
Sam Bankman-Fried did not want FTX to be called the Kansas City Royals of crypto exchanges. They keep catching strays and L’s.