From yesterday’s Post:
The final step in the process that will transfer majority ownership of baseball’s oldest professional franchise from Carl Lindner to Castellini is scheduled to take place Jan. 19. That day, owners of Major League Baseball’s other 29 teams will vote on Castellini’s bid during their regular meetings in Scottsdale, Ariz.
Because the transition will take place less than a month before pitchers and catchers report to spring training, Castellini’s presence at the helm isn’t likely to have a drastic immediate effect on how the baseball side of the Reds’ front office does its work this offseason.
Once Castellini settles in, though, the Reds are expected to be more aggressive in attempting to assemble a winning team and fill seats at Great American Ball Park. Castellini and his partners have tasted postseason play with the Cardinals the last several years and those who have spoken with Castellini say he’s focused on bringing that kind of success here.
Today’s Enquirer (sorry, couldn’t find a link to the article online…very odd) reports that:
Current owners Carl Lindner and Bill Reik will retain minority shares worth about 8% each, and George Strike and Louise Nippert will retain about half tha amount each, multiple sources close to the talks said.
Castellini will succeed Lindner as CEO. Castellini and the Williams brothers wil lbe the managing members, holding operating control of Cincinnati Reds LLC.
But it also says the ownership isn’t completely set.