Assholes
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
Fuck this organization.
http://redscontentplus.com/2020/11/reds-ownership-will-cut-payroll-in-2021/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.
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.
I'm honestly amazed you guys still follow this team. I gave up on them at least 15 years ago