Overview
- MLB owners finalized the change on Thursday, with Commissioner Rob Manfred’s comments reported by the Associated Press.
- The move completes a planned transition from Bob Castellini and extends roughly 20 years of Castellini family control of the franchise.
- Phil Castellini assumes control after serving in team leadership roles, succeeding his father as the club’s controlling owner.
- Operating as a small-market club, the Reds enter 2026 with a $147.7 million luxury-tax payroll that trails big-spending rivals by wide margins.
- After leaving Main Street Sports Group for MLB’s in-house local broadcast model, the team is likely to see an eight-figure drop in 2026 media revenue.