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View Full Version : Enquirer: New Reds era about to dawn



Roy Tucker
01-19-2006, 08:31 AM
And let us all hope it is a successful and illustrious one...

http://news.enquirer.com/apps/pbcs.dll/article?AID=/20060119/BIZ01/601190335

Thursday, January 19, 2006
New Reds era about to dawn
MLB owners expected to approve sale during meetings today

By Cliff Peale
Enquirer staff writer

Today marks a new beginning for baseball's oldest professional franchise.

Cincinnatians Bob Castellini and Tom and Joe Williams will take control of the Cincinnati Reds after Major League Baseball owners approve the sale of the team at their meetings today in Arizona.

Castellini, a Xavier University trustee, planned to return from the meetings today to attend Xavier's Crosstown Shootout battle with the University of Cincinnati at the Cintas Center tonight.

Friday afternoon he's to make his first public statements about the Reds in a 4 p.m. press conference at Great American Ball Park.

Castellini, who will serve as chief executive officer, and the other owners will face major challenges:

The team on the field. The Reds have posted five straight losing seasons. There are no indications there will be a major boost in payroll in 2006 that might bring in prominent players.

The club's top management. It's not expected that the new owners will make immediate changes, such as replacing or reassigning chief operating officer John Allen or general manager Dan O'Brien.

Media and marketing. Major changes could be forthcoming here. For example, the club already has hired former WLW-AM general sales manager Bill Reinberger as its director of corporate sales, and Castellini's son Phil is taking some of the marketing duties.

Approval at the meetings today is expected to be a formality. Owners will be occupied with more controversial matters, including MLB's sale of the Washington Nationals and plans for the upcoming World Baseball Classic. Steve Greenberg, the New York investment banker who helped broker the Reds deal, said it could be "a two-minute presentation."

"This went very smoothly," Greenberg said. "Once they got in, Mr. Castellini and his partners knew exactly what they wanted to do."

The group led by Castellini and the Williams brothers control 75 percent of the stock in Cincinnati Reds LLC, worth about $120 million. The remainder is smaller units owned by former CEO Carl Lindner, Louise Nippert, Bill Reik and George Strike.

Castellini's group still could sell smaller units to other investors, so it is not known how much Castellini personally will own.

"I want to congratulate all of the new owners of the Reds," Lindner said Wednesday through a spokeswoman. "Many of them have been longtime friends and business associates. They are leaders in Cincinnati and love the Reds as I do and as our fans do.

"I am pleased, and have always felt it was very important, that the team's ownership remains in our community. The future prospects for the Reds are bright because the new managing owners - Bob, Tom and Joe - bring with them many years of baseball experience and a love of the game. Edyth and I look forward to attending a Reds World Series game real soon."

The sale started last March when three shareholders - Nippert, Strike and Gannett Co., owner of The Enquirer - announced they would put their combined 51.5 percent stake up for sale.

But Lindner did not commit to relinquishing his CEO role until last fall, when the Castellini group emerged.

Castellini and the Williams brothers formerly were minority owners of the St. Louis Cardinals. The principal owner in that group is Cincinnatian Bill DeWitt, whose father owned the Reds in the 1960s.

E-mail cpeale@enquirer.com

KronoRed
01-19-2006, 08:42 AM
I think it'll be 07 before we see these guys really start to make changes, they will let Allen, Dan O etc. stay on for the entire 06 season then sack everyone in the place at the end.

Like someone said in another thread, it's doubtful they fire off their ownership by saying everyone goes.

RFS62
01-19-2006, 09:18 AM
OK, let me ask this question. Aside from the 350 people he thanked at his initial press conference, who would be upset if Castellini came in and immediately fired DanO?

Does he have a loyal following in either the press or public? Outside of his family and dog, would anyone have hurt feelings if he's sacked?

I think not.

I think it would be a great way to energize the general public and let people know that things are no longer "Status Quo".

KronoRed
01-19-2006, 09:20 AM
Sure it would be great..but I doubt it happens.

I expect a year of "evaluation"

Ravenlord
01-19-2006, 09:22 AM
I think it would be a great way to energize the general public and let people know that things are no longer "Status Quo".


"No matter how successful you are, change is always good. There can never be a status quo."

David Cubbedge
01-19-2006, 09:57 AM
I truly think Allen, DanO, and Narron will stick around in 06. But in 07, I bet Piniella is already lined up. Likely would be in a management position to replace Narron. I would venture to say that Piniella will be taking a broadcasting job for the 06 season awaiting for the official invitation.

It is very exciting to know we will have new ownership sometime this evening. It is something that most of us have been calling for for a few years now. This could be the start of a fresh beginning.

kbrake
01-19-2006, 09:59 AM
Well for Rich Aurilia's sake DanO better get a new GM job next year or else Rich might be out of a job. :devil:

Heath
01-19-2006, 02:54 PM
Well for Rich Aurilia's sake DanO better get a new GM job next year or else Rich might be out of a job. :devil:

There might be an opening in the International League.

KronoRed
01-19-2006, 10:42 PM
Well for Rich Aurilia's sake DanO better get a new GM job next year or else Rich might be out of a job. :devil:
Nah, I'm sure Dusty Baker would want him as well ;)

Hondo
01-20-2006, 07:38 AM
I truly think Allen, DanO, and Narron will stick around in 06. But in 07, I bet Piniella is already lined up. Likely would be in a management position to replace Narron. I would venture to say that Piniella will be taking a broadcasting job for the 06 season awaiting for the official invitation.

It is very exciting to know we will have new ownership sometime this evening. It is something that most of us have been calling for for a few years now. This could be the start of a fresh beginning.



A BIG, BIG DITTO!!!