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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," baseball commissioner Bud Selig said. "The one overriding goal we had was to have local ownership." |
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.