Schott May Sell Control of Reds
CINCINNATI (AP) _ Cincinnati Reds owner Marge Schott will be prevented from regaining full control of the team’s day-to-day operations by a new agreement with Major League Baseball, The Cincinnati Post reported today.
Schott’s two-year suspension for making racially insensitive remarks is set to expire when the World Series ends.
Instead, baseball officials are expected to announce that Schott has signed a letter of intent to sell controlling interest in the Reds by the end of the year, The Post said, citing anonymous sources.
While it was not clear if baseball attorney Robert DuPuy had received the letter Tuesday, officials had indicated that Schott’s suspension would be extended through the end of the Reds’ partnership agreement (Dec. 31, 2000) for her business practices if she does not agree to sell her two general-partner shares, the newspaper said.
The newspaper also reported that John Allen, who has run the Reds since Schott was suspended in June 1996, will continue as managing executive while the team seeks new ownership. Schott would be prevented from making team personnel decisions.
The agreement would end her controversial 14-year reign as Reds owner.
``I just think it’s good for the whole community to turn the final page in this chapter and move forward,″ said former team controller Tim Sabo, whose wrongful-firing lawsuit against Schott included testimony that first revealed the racial slurs that led to her first suspension.
The newspaper said it had tried unsuccessfully to reach Schott; her attorney, Robert Martin; and DuPuy for comment.
National League counsel Robert Kheel declined to comment.