Owners Marge Schott agrees to sell her controlling interest in the Reds April 20, 1999May 3, 2019 Owners On April 20 , 1999 – Cincinnati Reds owner Marge Schott agrees to sell her controlling interest in the Reds to a group headed by Carl H. Lindner, ending her 14-year tenure. The group will pay a total of $67 million.