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Owners approve sale of Reds to produce mogul

Updated: January 20, 2006, 12:09 AM ET
Associated Press

SCOTTSDALE, Ariz. -- 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.

"Local ownership there was critical, and it was crucial to Carl Lindner," ...

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