Archive for Friday, January 20, 2006

Reds sale approved

January 20, 2006

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— Baseball owners unanimously approved the sale of baseball's oldest franchise, the Cincinnati Reds, on Thursday to a group headed by produce mogul Robert Castellini. Carl Lindner, the 86-year-old Cincinnati financier who owned the franchise, had three potential buyers whose offers were roughly the same, but chose Castellini largely because of his local ties. Lindner will remain a minority partner.

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