Carl H. Lindner, Jr, owner of the Cincinnati Reds from 1999-2006, passed away yesterday at the age of 92. Lindner was a life-long resident of Cincinnati, spending his youth in Norwood and his later years in Indian Hill.
Lindner became controlling partner and CEO of the Reds in 1999 as part of the deal that ended Marge Schott’s ownership of the club. He sold his controlling share of the organization to the Castellini Group in November, 2005 for $270 million.
The Reds statement of condolences notes that during his tenure, Lindner oversaw the construction of Great American Ball Park and the Reds Hall of Fame & Museum. While Lindner tended to stay in the background as owner of the Reds, he famously picked up Ken Griffey Jr. at the Lunken Airport in his Rolls-Royce Bentley following the trade (and $112.5 million contract) that brought Griffey to Cincinnati in 2000.
Forbes Magazine estimated Lindner’s personal worth at over $1 billion, placing him among the 400 richest Americans. Lindner was chairman of Cincinnati-based American Financial Group, a financial holding company that had more than $19 billion in assets.