Franchises

WILL PUBLIC GET A CHANCE TO JOIN THE REDS ARMY?

3.27.1997

          With a share of the Reds soon to be for sale, Hamilton
     County Treasurer Robert Goering "proposed a state law change
     that would allow taxpayers to buy it," according to Michaud
     & Fasig of the CINCINNATI ENQUIRER.  Goering has asked State
     Senate President Richard Finan and State Rep. Robert Schuler
     to introduce legislation that would allow OH counties to
     invest in major-league franchises that operate in their
     communities.  State law now permits counties to invest "only
     in Treasury bills, Treasury notes and government agencies." 
     Frisch's Restaurants Inc. has said it will sell its 6.66%
     share of the Reds (CINCINNATI ENQUIRER, 3/26).

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