Reds sale speculation ignores one major problem with their ownership

Following the Los Angeles Angels' sale to Stan Kroenke, rival owners have speculated that the Cincinnati Reds could be next on the market, reigniting fan calls for ownership change. However, Phil Castellini became the controlling owner and CEO in February, and the ownership structure is more complex than speculation suggests—the Castellini family holds only four of 27 shares while other investors hold the remainder. Any sale would require agreement from all ownership parties and a buyer with $1.5-$2 billion available, and there is no indication that anyone in the ownership group currently wants to sell the team.

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