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Thread: Procter and Gamble CEO buys a Small Piece of the Reds

  1. #1
    RZ Chamber of Commerce Unassisted's Avatar
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    Procter and Gamble CEO buys a Small Piece of the Reds

    http://news.enquirer.com/apps/pbcs.d...IZ01/301260014

    Lafley buys slice of Reds
    BY CLIFF PEALE | ENQUIRER STAFF WRITER
    Among the new minority owners of the Cincinnati Reds this season will be one of the nationís best-known business leaders: A.G. Lafley.

    The Procter & Gamble Co. chairman and chief executive is in for a ďmicro-shareĒ of one of the Redsí new ownership units in Cincinnati Reds LLC, he confirmed Thursday.

    ďIím a baseball fan, and a long-time Cincinnati Reds fan,Ē Lafley wrote in an e-mail message.

    Bobby Lawrence, a longtime friend and business partner of Castelliniís and a radio executive with links to the St. Louis Cardinals, also confirmed that he would be investing in the Reds. Lawrence is advising the new ownership group on media and marketing strategies.

    Last year, Lawrence helped broker a deal for the Cardinals to buy a 50 percent stake in KTRS-AM in St. Louis and move broadcasting rights to that station. He was one of the early executives at WLW-AM.

    Lafley and Lawrence will be a small part of the group led by new Reds CEO Bob Castellini. The group also includes Tom and Joe Williams. Castellini said last week that they are selling small units to investors around the region, and will announce the investors once they are approved by Major League Baseball.

    The units are priced at $6.5 million each. Each unit is believed to represent about 4 percent of the team.

    While minority owners donít have much say in the teamís personnel decisions, they do enjoy the prestige that comes with being a Reds owner. Any financial return would most likely come when the team is sold.

    Because of the sales, itís still uncertain how much of the team Castellini will own personally.
    Last edited by Unassisted; 01-26-2006 at 08:45 PM. Reason: Took Proctor to the Docter

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  3. #2
    Haunted by walks
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    Re: Proctor and Gamble CEO buys a Small Piece of the Reds

    I'm up for a nano-share; who's with me?

  4. #3
    Spirit of 1976
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    Re: Proctor and Gamble CEO buys a Small Piece of the Reds

    "I'm up for a nano-share; who's with me?:"

    I'm in too - wanna go halves on it? If so I'll talk to my accountant and have him dig up 2 million.

  5. #4
    "Let's Roll" TeamBoone's Avatar
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    Re: Proctor and Gamble CEO buys a Small Piece of the Reds

    "Procter" with an "e". Sorry, it's my alma mater.
    "Enjoy this Reds fans, you are watching a legend grow up before your very eyes" ... DoogMinAmo on Adam Dunn

  6. #5
    RZ Chamber of Commerce Unassisted's Avatar
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    Re: Proctor and Gamble CEO buys a Small Piece of the Reds

    Quote Originally Posted by TeamBoone
    "Procter" with an "e". Sorry, it's my alma mater.
    Fixed! It did cross my mind that it might be spelled that way, but I foolishly dismissed the idea. My guess now is that it came to mind because I had seen it spelled correctly in the second paragraph of the article.

  7. #6
    1st pick 2022 B.B. draft George Foster's Avatar
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    Re: Procter and Gamble CEO buys a Small Piece of the Reds

    They need to be a part owner. Procter & Gamble is part of the fabric of the city...good match. Toothpaste and detergent for EVERYONE!!!
    Not this year...maybe a Wild Card

  8. #7
    "Let's Roll" TeamBoone's Avatar
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    Re: Proctor and Gamble CEO buys a Small Piece of the Reds

    Quote Originally Posted by Unassisted
    Fixed! It did cross my mind that it might be spelled that way, but I foolishly dismissed the idea. My guess now is that it came to mind because I had seen it spelled correctly in the second paragraph of the article.
    Thanks.
    "Enjoy this Reds fans, you are watching a legend grow up before your very eyes" ... DoogMinAmo on Adam Dunn

  9. #8
    "Let's Roll" TeamBoone's Avatar
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    Re: Procter and Gamble CEO buys a Small Piece of the Reds

    Quote Originally Posted by George Foster
    They need to be a part owner. Procter & Gamble is part of the fabric of the city...good match. Toothpaste and detergent for EVERYONE!!!
    And maybe they'll start offering Millstone coffee at the GAB.
    "Enjoy this Reds fans, you are watching a legend grow up before your very eyes" ... DoogMinAmo on Adam Dunn

  10. #9
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    Re: Procter and Gamble CEO buys a Small Piece of the Reds

    Quote Originally Posted by George Foster
    They need to be a part owner. Procter & Gamble is part of the fabric of the city...good match. Toothpaste and detergent for EVERYONE!!!

    As well as Bounce Softener Sheets.

  11. #10
    The Lineups stink. KronoRed's Avatar
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    Re: Procter and Gamble CEO buys a Small Piece of the Reds

    Quote Originally Posted by TeamBoone
    And maybe they'll start offering Millstone coffee at the GAB.
    Another millstone fan
    Go Gators!

  12. #11
    Haunted by walks
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    Re: Procter and Gamble CEO buys a Small Piece of the Reds

    Didn't Millstone sign with Texas?

  13. #12
    RZ Chamber of Commerce Unassisted's Avatar
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    Re: Procter and Gamble CEO buys a Small Piece of the Reds

    I'm wondering if the P&G CEO's share will be considered to be "Travel Size."

  14. #13
    Go Reds Go! UKFlounder's Avatar
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    Re: Procter and Gamble CEO buys a Small Piece of the Reds

    Hopefully the new ownership will help turn the "tide" of the team


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