On December 31, 1962 – The state of Ohio withdraws a suit against the Cincinnati Reds when team owner Bill DeWitt. In March 1962 DeWitt purchased the Reds from the Crosley Foundation for $4.6 million. (Owner Powel Crosley, Jr. had died the previous March.) Soon after the sale a controversy developed. Ohio Attorney General Mark McElroy moved to reopen the sale of the team as part of an investigation involving the claim of Joseph F. Rippe, a Cincinnati realtor, and a group of prospective buyers who supposedly had offered $5.5 million for the Reds. Eventually the controversy died down and there was no change to DeWitt’s ownership of the team.
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