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Cincinnati Reds 2022 (burn it all down)

Fuck this organization.

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Fuck this organization.

g4xe4wcq0ux71.jpg

The Castellini family. I’ve written before how they have amassed hundreds of millions in wealth from owning the Reds. That central fact hasn’t changed. The franchise has been appreciating in value by $100 million a year.

Does the Castellini family need to cut payroll? No. The financial well being of families like theirs, with wealth in the range of $1 billion even before considering the value of the team, isn’t threatened by losses in this range. But in the past, they have made crystal clear they won’t dip into their personal wealth or sustain losses for the Reds.
http://redscontentplus.com/2020/11/reds-ownership-will-cut-payroll-in-2021/

Castellini led a group that purchased the Reds from Lindner for $270 million, and in January 2006, Castellini was named the CEO of the franchise.

The most recent (25 May 2021) valuation of the franchise by Forbes.com says that the Reds are now worth $1.085 billion.

Bob's probably not going to sell the team anytime soon. Where else could he invest $270M and get a $100M (37% increase) in the value of his original investment each year?
 
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